In its proposed 2017 income statement, Hrabik Corporation reports income before income taxes $500,000, income taxes $100,000 (not including unusual items), loss on operation of discontinued music division $60,000, gain on disposal of discontinued music division $40,000, and unrealized loss on avallable-for-sale securities $150,000, The income tax rate is 20%. Prepare a correct income statement, beginning with income before income taxes. Hrabik CORPORATION Statement of C Income (Partial) Income before income taxes $500,000 Income tax expense Income from continulng operations Net income/ (loss) Loss from operations of discontinued division $100,000 400,000 Gain from disposal of discontinued division Net income/ (loss) unrealized loss on available for sale securities Comprehensive income