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During 2022 , Crane Corporation had the following amounts, all before calculating tax effects: income before income taxes $490,000. loss on operation of discontinued music

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During 2022 , Crane Corporation had the following amounts, all before calculating tax effects: income before income taxes $490,000. loss on operation of discontinued music division $55,000, gain on disposal of discontinued music division $35,000, and unrealized loss on avaliable-for-sale securities $140,000. The income tax rate is 25% Prepare a partial income statement, beginning with income before income taxes, and a statement of comprehensive income for the year ended December 31, 2022. (Enter loss using either a negative sign preceding the number eg-2,945 or parentheser es. (2,945 ) CRANE CORPORATtoN ccome Statement (Partial) s CRANE CORPORATION Statement of Comprehensive income eTextbook and Media During 2022 , Crane Corporation had the following amounts, all before calculating tax effects: income before income taxes $490,000. loss on operation of discontinued music division $55,000, gain on disposal of discontinued music division $35,000, and unrealized loss on avaliable-for-sale securities $140,000. The income tax rate is 25% Prepare a partial income statement, beginning with income before income taxes, and a statement of comprehensive income for the year ended December 31, 2022. (Enter loss using either a negative sign preceding the number eg-2,945 or parentheser es. (2,945 ) CRANE CORPORATtoN ccome Statement (Partial) s CRANE CORPORATION Statement of Comprehensive income eTextbook and Media

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