Sheffield Corp.has income from continuing operations of $220,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes). 1. 2. An unrealized loss of $50,300 on available-for-sale securities. A gain of $37,500 on the discontinuance of a division (comprised of a $9,400 loss from operations and a $46,900 gain on disposal). Assume all items are subject to income taxes at a 15% tax rate. SUPP

Shetfeld Corp has income from continuing operations of $220,000 for the year ended December 31, 2022. It also has the following ifems thefore considering income thxest. 1. An unreallired loss of $50,300 on avaitable-for-sale securities. 2. A gsin of $37,500 on the discontinuance of s divistorn tcomprised of a $9,400 lo5s from operations and a $46,900 gain on dipotali. Assume all items are subject to income taxes at a 15% tax rate. SHEFFIELD CORP. Partial Income Statement s $