Sarasota Corp. has income from continuing operations of $324,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes). 1. An unrealized loss of $88,600 on available-for-sale securities. 2. A gain of $23,400 on the discontinuance of a division (comprised of a $7,100 loss from operations and a $30,500 gain on disposal). 3. A correction of an error in last years financial statements that resulted in a $20,000 understatement of 2016 net income. Assume all items are subject to income taxes at a 25% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations.

Question 1 Sarasota Corp. has income from continuing operations of $324,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes) An unrealized loss of $88,600 on available-for-sale securities. 2. A gain of $23,400 on the discontinuance of a division (comprised of a $7,100 loss from operations and a $30,500 gain on disposal). A correction of an error in last year's financial statements that resulted in a $20,000 understatement of 2016 net income. Assume all items are subject to income taxes at a 25% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. SARASOTA CORP Partial Statement of Comprehensive Income