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Trayer Corporation has income from continuing operations of $254,000 for the year ended December 31, 2017. It also has the following items (before considering income

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Trayer Corporation has income from continuing operations of $254,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes). 1. An unrealized loss of $77,000 on available-for-sale securities 2. A gain of $27,000 on the discontinuance of a division (comprised of a $15,000 loss from operations and a $42,000 gain on disposal). 3. A correction of an error in last year's financial statements that resulted in a $10,000 understatement of 2016 net income. Assume all items are subject to income taxes at a 20% tax rate. Prepare an income statement, beginning with income from continuing operations. TRAYER CORPORATION Partial Statement of Comprehensive Income

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