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In its proposed 2022 income statement, Monty Corp. reports income before income taxes $609,000, income taxes $121,800 (not including unusual items), loss on operation of

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In its proposed 2022 income statement, Monty Corp. reports income before income taxes $609,000, income taxes $121,800 (not including unusual items), loss on operation of discontinued music division $67,400, gain on disposal of discontinued music division $52,700, and unrealized loss on avallable-for-sale securities $165,000. 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. MONTY CORP. Partial Income Statement $ MONTY CORP. Statement of Comprehensive Income $

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