Concept for Analysis 4-7 (Part Level Submission) Willie Nelson, Jr., controller for Monty 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 earned net income of $386,300 and had unrealized ains on available-for-sale securities of 16,37In the previous year, net income was $396,520, 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 comparative Income components Current Year Prior Year Net income Comprehensive Income Statement Net income Unrealized gains Comprehensive income Current Year Prior Y ear Click if you would like to Show work for this question: geen show work