Exercise 14-2

Trayer Corporation has income from continuing operations of $276,000for the year ended December 31, 2020. It also has the following items (before considering income taxes).

1.

An unrealized loss of $70,000 on available-for-sale securities.

2.

A gain of $24,000on the discontinuance of a division (comprised of a $18,000 loss from operations and a $42,000 gain on disposal).

Assume all items are subject to income taxes at a23% tax rate.

How would i fill this out? I tried and cannot get the correct answer.