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Wer is parliam dydi. In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $504,000, income taxes $156,240 (not including unusual items),
Wer is parliam dydi. In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $504,000, income taxes $156,240 (not including unusual items), loss on operation of discontinued music division $55,000, gain on disposal of discontinued music division $42,000, and unrealized loss on available-for-sale securities $148,000. The income tax rate is 31%. Prepare a correct statement of comprehensive income, beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) HRABIK CORPORATION Partial Statement of Comprehensive Income Income before income taxes 504,000 Income tax expense (156240)| Income from continuing operations 347760 Discontinued operations Loss from operations of discontinued division 1705000 Gain from disposal of discontinued division Il Net income / (loss) Other comprehensive income Unrealized holding loss on available-for-sale securities Comprehensive income 2,270,440
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