View Policies Current Attempt in Progress Waterway Corporation has income from continuing operations of $256,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes. 1 An unrealized loss of $78,000 on available-for-sale securities 2 A gain of $26,000 on the discontinuance of a division (comprised of a $14,000 loss from operations and a $40.000 gain on disposal Assume all items are subject to income taxes at a 16% 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 eg -2,945 or parentheses eg (2.9451) WATERWAY CORPORATION Income Statement (Partial) WATERWAY CORPORATION Statement of Comprehensive Income Loss from Operations, Net of Income Tax Savings eTextbook and Media Save for Later Last saved 5 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes Attempts 0 0