Mathematics, 31.08.2020 01:01 rnunez3

Trayer Corporation has income from continuing operations of $254,000 for the year ended December 31, 2020. It also has the following items (before considering income taxes). 1. An unrealized loss of $77,000 on available-for-sale securities.
2. A gain of $27,000 on the discontinuance of a division (comprised of a $15,000 loss from operations and a $42,000 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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Trayer Corporation has income from continuing operations of $254,000 for the year ended December 31,...