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Vaughn Corporation has income from continuing operations of $ 2 6 0 , 0 0 0 for the year ended December 3 1 , 2

Vaughn Corporation has income from continuing operations of $260,000 for the year ended December 31,2022. 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 partial income statement, beginning with income from continuing operations, and a statement of comprehensive income.(Enter loss using either a negative sign preceding the number e.g.-2,945 or parentheses e.g.(2,945).)

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