nt FULL SCREEN PRINTER VERSTON BACK NEXT Trayer Corporation has income from continuing operations of $268,000 for the year ended December 31, 2017. It also has the following items taxes) 1. An unrealized loss of $85,000 on avallable-for-sale securities 2. A gain of $33,000 on the discontinuance of a division (comprised of a $17,000 loss from operations and a $50,000 gain on disposal). 3. A correction of an error in last year's financial statements that resulted in a $18,000 understatement of 2016 net income. Assume all items are subject to income taxes at a 22% tax rate. Prepare an income statement, beginning with income from continuing operations. TRAYER CORPORATION l Statement of Comprehensive Income For the Year Ended December 3 26800 Income From Continuing Operations sive Income/(Loss) (85000) Unrealized Loss on Available for Sale Securites 33000 Discontinued Operations 216000 Gain from Disposal of Discontinued Division Version 4.24.6.2 1 ?2000-2018Johnwley &Sons.unc. Au Rights Reserved. A Division of Policy