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Monty Corp. has income from continuing operations of $258,100 for the year ended December 31, 2022. It also has the following items (before considering income
Monty Corp. has income from continuing operations of $258,100 for the year ended December 31, 2022. It also has the following items (before considering income taxes). 1. An unrealized loss of $71,200 on available-for-sale securities. 2. Again of $26,700 on the discontinuance of a division (comprised of a $8,900 loss from operations and a $35,600 gain on disposal). Assume all items are subject to income taxes at a 20% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. MONTY CORP. Partial Statement of Comprehensive Income MONTY CORP. Partial Statement of Comprehensive Income
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