Question #$2$

At the start of $2023,$ Marine Corporation $("$Marine$")$ had three divisions: the Boat Division, the

Recreation Division, and the Accessories Division. During $2023,$ Marine disposed of its Boat Division,

a major segment of its business. Marine realized a gain of $$500,000$ on the sale of the Boat Division's

assets. During $2023,$ the Boat Division's operating losses were $$800,000.$ Excluding the Boats

Division, Marine generated $$1,200,000$ of income before income taxes. Marine also had other

comprehensive income in $2023$ of $$130,000,$ which was unrelated to the Boat Division. All of the

foregoing dollar amounts are before taxes. The applicable tax rate is $30\%$ on all items of income,

expense, gain, and loss.

Required:

Prepare a partial statement of comprehensive income for Marine Corporation for the year ended

December $31,2023.$ Use the following table format for your answer.

Marine Corporation

Statement of Comprehensive Income $($partial$)$

For the year ended December $31,2023$