Question: Concept for Analysis 4-7 (Part Level Submission) Willie Nelson, , controller for Pina Corporation, is preparing the company's financial statements at year-end. Currently, he is

 Concept for Analysis 4-7 (Part Level Submission) Willie Nelson, , controller

Concept for Analysis 4-7 (Part Level Submission) Willie Nelson, , controller for Pina Corporation, is preparing the company's financial statements at year-end. Currently, he is focusing on the income statement and determining the format for reporting comprehensive income. During the year, the company eaned net income of $430,100 and had unrealzed gains on available-for-sale securities of $14,210. In the previous year, net income was $440,880, and the company had no unrealized gains or losses (a) Show how income and comprehensive income will be reported on a comparative basis for the current and prior years, using the two statement format Incomee Net income Current YearPrir Year Comprehensive Income Statement Current Year Prior Year Net income Unrealized gains Comprehensive income Click if you would like to Show Work for this questions Ouen Sho Work

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