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Exercises 13-2 Trayer Corporation has income from continuing operations of $219,000 for the year ended December 31, 2017. It also has the following items (before
Exercises 13-2 Trayer Corporation has income from continuing operations of $219,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes) 1. An unrealized loss of $72,600 on available-for-sale securities. 2. A gain of $27,600 on the discontinuance of a division (comprised of a $6,400 loss from operations and a $34,000 gain on disposal) 3. A correction of an error in last year's financial statements that resulted in a $20,000 understatement of 2016 net income Assume all items are subject to income taxes at a 15% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. MARIGOLD CORP Partial Statement of Comprehensive Income Click if you would like to Show Work for this question: Open Show Work
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