The events and transactions of Dever Corporation for the year ended December 31, 2025, resulted in the following data.

Analysis reveals the following.
1. All items recorded are before the applicable income tax rate of 20%.
2. The plastics division was sold on July 1.
3. All operating data for the plastics division have been segregated.

Instructions

Prepare an income statement and a statement of comprehensive income for the year.

Transcribed Image Text:

Cost of goods sold Net sales Other expenses and losses Other revenues and gains Selling and administrative expenses Income from operations of plastics division Gain from disposal of plastics division Unrealized loss on available-for-sale securities $2,600,000 4,400,000 9,600 5,600 1,100,000 70,000 500,000 60,000