Question: Question 1 Your answer is partially correct. Try again. Trayer Corporation has income from continuing operations of $268,000 for the year ended December 31, 2020.

 Question 1 Your answer is partially correct. Try again. Trayer Corporation

Question 1 Your answer is partially correct. Try again. Trayer Corporation has income from continuing operations of $268,000 for the year ended December 31, 2020. It also has the following items (before considering income taxes). 1. 2. An unrealized loss of $85,000 on available-for-sale securities. A gain of $33,000 on the discontinuance of a division (comprised of a $17,000 loss from operations and a $50,000 gain on disposal). Assure all items are subject to income taxes at a 22% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) TRAYER CORPORATION Partial Statement of Comprehensive Income For the Year Ended December 31, 2020 Tincome from Continuing Operations 268,000 $ X Discontinued Operations | Loss from Operations, Net of Income Tax Savings - 13,260 | Gain from Disposal, Net of Income Taxes - 39,00 Net Income / (Loss) 234,780 Unrealized Holding Gain on Available-for-Sale Securities - Comprehensive Income / (Loss) 168,480

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