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Trayer Corporation has income from continuing operations of $276,000 for the year ended December 31, 2020. In addition it has the following two items. 1.
Trayer Corporation has income from continuing operations of $276,000 for the year ended December 31, 2020. In addition it has the following two items. 1. 2. An unrealized loss of $70,000 on available-for-sale securities. A gain of $24,000 on the discontinuance of a division (comprised of a $18,000 loss from operations and a $42,000 gain on disposal). Assume that these two items are subject to income taxes at a rate of 23%. 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).) e Textbook and Media TRAYER CORPORATION Partial Statement of Comprehensive Income
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