Oriole Company has income from continuing operations of $$626,000($after tax$)$ for the year ended December $31,2021.$ It also has the following items $($before considering income taxes$)$:

$(1)$ An unrealized loss of $$125,000$ available$-$for$-$sale debt securities$.$

$(2)$ Again of $$65,000$ on the discontinuance of a major component.

$(3)$ A cumulative effect of a change in accounting principle that would have resulted in an increase in prior years' depreciation of $$55,000.$

Assume all items are subject to income taxes at a $20\%$ tax rate.

Prepare a partial income statement and a statement of comprehensive income, beginning with income from continuing operations.

ORIOLECOMPANY

Partial Income Statement and Statement of Comprehensive Income

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