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In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $507,000, income taxes $157,170 (not including unusual items), loss on operation of

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In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $507,000, income taxes $157,170 (not including unusual items), loss on operation of discontinued music division $64.000, gain on disposal of discontinued music division $41,000, and unrealized loss on available-for-sale securities $146,000. The income tax rate is 31%. Prepare a correct statement of comprehensive income, beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.3. -2,945 or parentheses e.g. (2,945).) HRABIK CORPORATION Partial Statement of comprehensive Income Income before income taxes 507.000 Income tax expense 157170 i Income from continuing operations 349.830 Loss from operations of discontinued division Gain from operations of discontinued division $ Net income/loss) Net Income/loss DO

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