Pina Colada Corp. has income from continuing operations of $413,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes). 1. An unrealized loss of $64,600 on available-for-sale securities. A gain of $26,400 on the discontinuance of a division (comprised of a $9,100 loss from operations and a $35,500 gain on disposal). Assume all items are subject to income taxes at a 20% tax rate. Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income. Income from Continuing Operations 2. Discontinued Operations Loss from Operations $ Gain on Disposal 28400 (7280) PINA COLADA CORP. Partial Income Statement For the Year Ended December 31, 2022 $

Net Income / (Loss)

PINA COLADA CORP.

Statement of Comprehensive Income

For the Year Ended December 31, 2022

Unrealized Holding Loss of Available-for-Sale Securities

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Pina Colada Corp. has income from continuing operations of $413,000 for the year ended December 31,2022 . It also has the following items (before considering income taxes). 1. An unrealized loss of $64,600 on available-for-sale securities. 2. A gain of $26,400 on the discontinuance of a division (comprised of a $9,100 loss from operations and a $35,500 gain on disposal)