Current Attempt in Progress

An inexperienced accountant for Marigold Corporation showed the following in the income statement: net income $$338,000$ and unrealized gain on available$-$for$-$sale securities $($before taxes$)$ $$79,500.$ The unrealized gain on available$-$for$-$sale securities is subject to a $30\%$ tax rate.

Prepare a correct statement of comprehensive income.

MARIGOLD CORPORATION

Partial Statement of Comprehensive Income

Unrealized Holding Gain on Available$-$for$-$Sale Securities