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Do It! Review 18-01 In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $501,000, income taxes $145,290 (not including unusual
Do It! Review 18-01 In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $501,000, income taxes $145,290 (not including unusual items), loss on operation of discontinued music division $58,000, gain on disposal of discontinued music division $38,000, and unrealized loss on available-for-sale securities $141,000. The income tax rate is 29%. Prepare a correct statement of comprehensive income, beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)
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