Question: Please answer problem #2, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! An inexperienced accountant for Grouper Corp.showed the following in the income statement:

Please answer problem #2, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!

An inexperienced accountant for Grouper Corp.showed the following in the income statement: income before income taxes $ 448,000 and unrealized gain on available-for-sale securities (before taxes) $ 89,000. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 29% tax rate. Prepare a correct statement of comprehensive income. GROUPER CORP. Partial Statement of Comprehensive Income

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