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In its proposed 2022 income statement, Pina Colada Corp, reports income before income taxes $525,000, income taxes $105,000 (not including unusual litems), loss on operation

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In its proposed 2022 income statement, Pina Colada Corp, reports income before income taxes $525,000, income taxes $105,000 (not including unusual litems), loss on operation of discontinued music division $63.000, gain on disposal of discontinued music division $42,000, and unrealized loss on available-for-sale securities $157,500. The income tax rate is 20%. Prepare a correct statement of comprehensive income, beginning with income before income taxes. Dividends Total Revenues Unrealized Holding Loss of Available-for-Sale Securities Net Incomef (Loss) Discontinued Operations Retained Earnings Loss from Operations of Music Division Comprehensive Income Income Before income Taxes Gain from Disposal of Music Division Income from Continuing Operations Income Tax Expense Other Comprehensive income Expenses Total Expenses Revenue

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