Your answer is partially correct.

Trayer Corporation has income from continuing operations of $$290,000$ for the year ended December $31,2022.$ It also has the

following items $($before considering income taxes$).$

An unrealized loss of $$80,000$ on available$-$for$-$sale securities$.$

A gain of $$30,000$ on the discontinuance of a division $($comprised of a $$10,000$ loss from operations and a $$40,000$

gain on disposal$).$

Assume all items are subject to income taxes at a $20\%$ tax rate.

Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive

income for the year ended December $31,2022.($Enter loss using either a negative sign preceding the number e$.$g$.-2,945$ or parentheses

e$.$g$.(2,945).)$

TRAYER CORPORATION

Income Statement $($Partial$)$

For the Year Ended December $31,2022$

Income from Continuing Operations

Discontinued Operations

Gain from Disposal, Net of Income Taxes

Loss from Operations, Net of Income Tax Savings

TRAYER CORPORATION

Statement of Comprehensive Income

For the Year Ended December $31,2022$

Income from Continuing Operations

Discontinued Operations

Net Income $/($Loss$)$