Trayer Corporation has income from continuing operations of $294,000for the year ended December 31, 2017. It also has the following items (before considering income taxes).

1.An unrealized loss of $89,000 on available-for-sale securities

2.A gain of $24,000on the discontinuance of a division (comprised of a $17,000 loss from operations and a $41,000 gain on disposal).3.A correction of an error in last year's financial statements that resulted in a $23,000understatement of 2016 net income.

Assume all items are subject to income taxes at a21% tax rate.