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The following information was taken from the records of Blossom Inc. for the year 2025: Income tax applicable to income from continuing operations $231,880, income
The following information was taken from the records of Blossom Inc. for the year 2025: Income tax applicable to income from continuing operations $231,880, income tax applicable to loss on discontinued operations $31,620, and unrealized holding gain on available-for-sale debt securities (net of tax) $18,600. Shares outstanding during 2025 were 100,000. Prepare a comprehensive income statement for 2025 , using the two statement format
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