Exercise 9-2 CALCILATOR PRINTER VERSTONBACK Cheyenne Corp. has Incorme from continuing operations of $403,000 for the year taxes). 1. An unrealized loss of $83,000 on available-for-sale securities. 2. A gain of $31,800 on the discontinuance of a division (comprised of a $8,800 loss from operations and a $40,500 gain on disposal). 3. A correction of an error in last year's financial statements that resulted in a $20,000 understatement of 2016 net income Assume all items are subject to income taxes at a 17% tax rate. ended December 31, 2017. It also has the followeing items (before consaiderting Income statement of comprehensive income, beginning with income from continuing operations. CHEYENNE CORP Partial Statement of Comprehensive Income For the Year Ended December 31, 2017 Income from Continuing Operations 403,000 Discontinued Operations Gain from Disposal Loss from Operations Net Income / (Loss) 2000-2018JebnyyleX&Sonatos. All Rights Reserved. A Division ordehnwiseasenare