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Whispering Winds Corp. has income from continuing operations of $278,400 for the year ended December 31, 2022. It also has the following items (before considering
Whispering Winds Corp. has income from continuing operations of $278,400 for the year ended December 31, 2022. It also has the following items (before considering income taxes). 1. 2. An unrealized loss of $76,800 on available-for-sale securities. A gain of $28,800 on the discontinuance of a division (comprised of a $9,600 loss from operations and a $38,400 gain on disposal). Assume all items are subject to income taxes at a 20% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations.
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