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wig 2022 Question 4: Lake of the Prairies Inc. (LOTP) reported the following pre-tax amounts for the year ended June 30, 2021: Profit before income
wig 2022 Question 4: Lake of the Prairies Inc. (LOTP) reported the following pre-tax amounts for the year ended June 30, 2021: Profit before income tax (on continuing operations) $3,200,000 Loss from discontinued operations, $850,000 Loss on disposal of assets of discontinued operations, $600,000 Other comprehensive income, holding gain on an equity investment of $670,000 LOTP's effective income tax rate is 20%. Instructions: Prepare a statement of comprehensive income, beginning with income from continuing operations Round amounts to the nearest dollar. Show ALL calculations for full marks
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