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Current Attempt in Progress Oriole Corporation has income from continuing operations of $298,000 for the year ended December 31,2022 . It also has the following
Current Attempt in Progress Oriole Corporation has income from continuing operations of $298,000 for the year ended December 31,2022 . It also has the following items (before considering income taxes). 1. An unrealized loss of $77,000 on available-for-sale securities. 2. A gain of $25,000 on the discontinuance of a division (comprised of a $18,000 loss from operations and a $43,000 gain on disposal). Assume allitems are subject to income taxes at a 21% tax rate. Prepare a partiar income statement, beginning with income from continuing operations, and a statement of comprehensive income. (Enter loss using elther a negotive sign preceding the number es. 2,945 or parentheses es. (2,945) ). ORIOLE CORPORATION Income Statement (Partial) For the Year Ended December 31, 2022 Income from Continuing Operations Discontinued Operations Loss from Operations, Net of Income Tax Savings $ Gain from Disposal. Net of Income Taxes: Comprehensive Income / (Loss) ORTOLE CORPORATION Statement of Comprehensive Income For the Vear Ended December 31, 2022 Net Income / (Loss) Other Comprehensive Income Unrealized Holding Loss on Available-for-Sale Securities Comprehensive income / (Loss)
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