Your answer is partially correct.

Prepare a partial income statement, beginning with income from continuing operations.

TRAYER CORPORATION

Income Statement $($Partial$)$

For the Year Ended December $31,2027$

Income from Continuing Operations

Loss from Operations

$

Gain from Disposal

$

eTextbook and Media

Assistance Used

eTextbookTrayer Corporation has income from continuing operations of $$290,000$ for the year ended December $31,2027.$ It also has the following items $($before considering income taxes$).$

$1.$ An unrealized loss of $$80,000$ on available$-$for$-$sale securities$.$

$2.$ A gain of $$30,000$ on the discontinuance of a division $($comprised of a $$10,000$ loss from operations and a $$40,000$ gain on disposal$).$

Assume all items are subject to income taxes at a $20\%$ tax rate.