CRANE CORPORATION Statement of Comprehensive Income

Dividends

Income tax expense

Unrealized holding gain on available$-$for$-$sale securities

Net income $/($loss$)$

Unrealized loss on avallable$-$for$-$sale securities

Other comprehensive income

Comprehensive income $/($loss$)$

Income before income taxes

An inexperienced accountant for Crane Corporation showed the following in the income statement: net income $$193,500$ and unrealized gain on available$-$for$-$sale securities $($before taxes$)$ $$94,900.$ The unrealized gain on available$-$for$-$sale securities is subject to a $25\%$ tax rate

Prepare a correct statement of comprehensive income. $($Enter loss using either a negative sign preceding the number e$.$g$.-2,945$ or parentheses e$.$g$.(2,945).)$

CRANE CORPORATION

Statement of Comprehensive Income

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