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Exercise 18-02 Trayer Corporation has income from continuing operations of $270,000 for the year ended December 31, 2020. It also has the following items (before
Exercise 18-02 Trayer Corporation has income from continuing operations of $270,000 for the year ended December 31, 2020. It also has the following items (before considering income taxes). 1. 2. 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). Assume all items are subject to income taxes at a 18% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) TRAYER CORPORATION Partial Statement of Comprehensive Income IT Screenshot
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