Lily Corporation has income from continuing operations of $294,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes).

1. An unrealized loss of $88,000 on available-for-sale securities.

2. A gain of $33,000 on the discontinuance of a division (comprised of a $16,000 loss from operations and a $49,000 gain on disposal).

Assume all items are subject to income taxes at a 16% tax rate.

Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

LILY CORPORATION Income Statement (Partial) For the Year Ended December 31, 2022 Income from Continuing Operations $ 294000 Discontinued Operations \begin{tabular}{||l|l|} \hline Gain from Operations of Discontinued Division & \\ \hline \hline \end{tabular} $41160 Loss from Operations, Net of Income Tax Savings LILY CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2022 $ Other Comprehensive Income Unrealized Holding Gain on Available-for-Sale Securities $ Comprehensive Income / (Loss)