Trayer Corporation has income from continuing operations of $270,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes). 1. 2. 3. An unrealized loss of $79,000 on available-for-sale securities A gain of $24,000 on the discontinuance of a division (comprised of a $20,000 loss from operations and a $44,000 gain on disposal). A correction of an error in last year's financial statements that resulted in a $28,000 understatement of 2016 net income. Assume all items are subject to income taxes at a 21% tax rate. (a) Prepare an income statement, beginning with income from continuing operations. TRAYER CORPORATION Partial Statement of Comprehensive Income