Exercise 14-13 Trayer Corporation has income from continuing operations of $270,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes) 1. 2. 3. An unrealized loss of $87,000 on available-for-sale securities A gain of $40,000 on the discontinuance of a division (comprised of a $10,000 loss from operations and a $50,000 gain on disposal) A correction of an error in last year's financial statements that resulted in a $17,000 understatement of 2016 net income Assume all items are subject to income taxes at a 18% tax rate. Prepare an income statement, beginning with income from continuing operations. TRAYER CORPORATION Partial Statement of Comprehensive Income