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Trayer Corporation has income from continuing operations of $260,000 for the year ended December 31, 2020. It also has the following items (before considering income

Trayer Corporation has income from continuing operations of $260,000 for the year ended December 31, 2020. It also has the following items (before considering income taxes).

1. An unrealized loss of $76,000 on available-for-sale securities.
2. A gain of $29,000 on the discontinuance of a division (comprised of a $18,000 loss from operations and a $47,000 gain on disposal).

Assume all items are subject to income taxes at a 24% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

TRAYER CORPORATION Partial Statement of Comprehensive Income

For the Year Ended December 31, 2020December 31, 2020For the Quarter Ended December 31, 2020

Discontinued OperationsDividendsExpensesUnrealized Holding Loss on Available-for-Sale SecuritiesExtraordinary LossGain from Disposal, Net of Income TaxesLoss from Operations, Net of Income Tax SavingsIncome from Continuing OperationsIncome Tax ExpenseLoss from Operations of Music DivisionComprehensive Income / (Loss)Retained EarningsTotal ExpensesUnrealized Holding Gain on Available-for-Sale SecuritiesLoss from Disposal of Discontinued DivisionGain from Operations of Discontinued DivisionNet Income / (Loss)Other Comprehensive Income

$

Discontinued OperationsDividendsExpensesUnrealized Holding Loss on Available-for-Sale SecuritiesExtraordinary LossGain from Disposal, Net of Income TaxesLoss from Operations, Net of Income Tax SavingsIncome from Continuing OperationsIncome Tax ExpenseLoss from Operations of Music DivisionComprehensive Income / (Loss)Retained EarningsTotal ExpensesUnrealized Holding Gain on Available-for-Sale SecuritiesLoss from Disposal of Discontinued DivisionGain from Operations of Discontinued DivisionNet Income / (Loss)Other Comprehensive Income

Discontinued Operations Dividends Expenses Unrealized Holding Loss on Available-for-Sale Securities Extraordinary Loss Gain from Disposal, Net of Income Taxes Loss from Operations, Net of Income Tax Savings Income from Continuing Operations Income Tax Expense Loss from Operations of Music Division Comprehensive Income / (Loss) Retained Earnings Total Expenses Unrealized Holding Gain on Available-for-Sale Securities Loss from Disposal of Discontinued Division Gain from Operations of Discontinued Division Net Income / (Loss) Other Comprehensive Income

$

Discontinued Operations Dividends Expenses Unrealized Holding Loss on Available-for-Sale Securities Extraordinary Loss Gain from Disposal, Net of Income Taxes Loss from Operations, Net of Income Tax Savings Income from Continuing Operations Income Tax Expense Loss from Operations of Music Division Comprehensive Income / (Loss) Retained Earnings Total Expenses Unrealized Holding Gain on Available-for-Sale Securities Loss from Disposal of Discontinued Division Gain from Operations of Discontinued Division Net Income / (Loss) Other Comprehensive Income

Discontinued OperationsDividendsExpensesUnrealized Holding Loss on Available-for-Sale SecuritiesExtraordinary LossGain from Disposal, Net of Income TaxesLoss from Operations, Net of Income Tax SavingsIncome from Continuing OperationsIncome Tax ExpenseLoss from Operations of Music DivisionComprehensive Income / (Loss)Retained EarningsTotal ExpensesUnrealized Holding Gain on Available-for-Sale SecuritiesLoss from Disposal of Discontinued DivisionGain from Operations of Discontinued DivisionNet Income / (Loss)Other Comprehensive Income

$

Discontinued OperationsDividendsExpensesUnrealized Holding Loss on Available-for-Sale SecuritiesExtraordinary LossGain from Disposal, Net of Income TaxesLoss from Operations, Net of Income Tax SavingsIncome from Continuing OperationsIncome Tax ExpenseLoss from Operations of Music DivisionComprehensive Income / (Loss)Retained EarningsTotal ExpensesUnrealized Holding Gain on Available-for-Sale SecuritiesLoss from Disposal of Discontinued DivisionGain from Operations of Discontinued DivisionNet Income / (Loss)Other Comprehensive Income

Discontinued Operations Dividends Expenses Unrealized Holding Loss on Available-for-Sale Securities Extraordinary Loss Gain from Disposal, Net of Income Taxes Loss from Operations, Net of Income Tax Savings Income from Continuing Operations Income Tax Expense Loss from Operations of Music Division Comprehensive Income / (Loss) Retained Earnings Total Expenses Unrealized Holding Gain on Available-for-Sale Securities Loss from Disposal of Discontinued Division Gain from Operations of Discontinued Division Net Income / (Loss) Other Comprehensive Income

Discontinued OperationsDividendsExpensesUnrealized Holding Loss on Available-for-Sale SecuritiesExtraordinary LossGain from Disposal, Net of Income TaxesLoss from Operations, Net of Income Tax SavingsIncome from Continuing OperationsIncome Tax ExpenseLoss from Operations of Music DivisionComprehensive Income / (Loss)Retained EarningsTotal ExpensesUnrealized Holding Gain on Available-for-Sale SecuritiesLoss from Disposal of Discontinued DivisionGain from Operations of Discontinued DivisionNet Income / (Loss)Other Comprehensive Income

$

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