Do It! Review 13-1

In its proposed 2017 income statement, Ayayai Corp. reports income before income taxes $548,000, income taxes $82,200 (not including unusual items), loss on operation of discontinued music division $62,100, gain on disposal of discontinued music division $46,500, and unrealized loss on available-for-sale securities $160,000. The income tax rate is 15%. Prepare a correct statement of comprehensive income, beginning with income before income taxes .