rayer Corporation has income from continuing operations of $298,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes). 1. An unrealized loss of $86,000 on available-for-sale securities 2. A gain of $36,000 on the discontinuance of a division (comprised of a $12,000 loss from operations and a $48,000 gain on disposal). 3. A correction of an error in last years financial statements that resulted in a $13,000 understatement of 2016 net income. Assume all items are subject to income taxes at a 17% tax rate. (a) Prepare an income statement, beginning with income from continuing operations. TRAYER CORPORATION Partial Statement of Comprehensive Income $ 50,660 $ LINK TO TEXT Question Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER