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Whispering Winds Corp. has income from continuing operations of $315,000 for the year ended December 31, 2017. It also has the following items (before considering
Whispering Winds Corp. has income from continuing operations of $315,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes). 1. An unrealized loss of $79,100 on available-for-sale securities. A gain of $24,300 on the discontinuance of a division (comprised of a $9,400 loss from operations and a $33,700 gain on disposal). A correction of an error in last year's financial statements that resulted in a $20,000 understatement of 2016 net income. 3. Assume all items are subject to income taxes at a 21% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. WHISPERING WINDS CORP. Partial Statement of Comprehensive Income $ LA
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