Trayer Corporation has income from continuing operations of $298,000for 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 $25,000on the discontinuance of a division (comprised of a $18,000loss from operations and a $43,000gain on disposal).
3.	A correction of an error in last years financial statements that resulted in a $15,000understatement of 2016 net income.

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