In its proposed 2022 income statement, Flint Corporation reports income before income taxes $ 473,000, income taxes $ 94,600 (not including unusual items), loss on operation of discontinued music division $ 62,200, gain on disposal of discontinued music division $ 42,600, and unrealized loss on available-for-sale securities $ 164,000. The income tax rate is 20%. Prepare a correct partial income statement, beginning with income before income taxes, and a statement of comprehensive income for the year ended December 31, 2022. FLINT

CORPORATION Partial Income Statement

FLINT CORPORATION Statement of Comprehensive income