Question: Your answer is partially correct. Try again. In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes 3490,000, income taxes $122,500 (not

 Your answer is partially correct. Try again. In its proposed 2020

Your answer is partially correct. Try again. In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes 3490,000, income taxes $122,500 (not including unusual items), loss on operation or discontinued music division s55,000, gain on disposal of discontinued music division $35,000, and unrealized loss on available-for-sale securities $140,000. The income tax rate is 25%. Prepare a correct statement of comprehensive income, beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) HRABIK CORPORATION Partial Statement of Comprehensive Income Income before income taxes 490.000 Income tax expense -122,500 Income from continuing operations 367,500 Gain from disposal of discontinued division Loss from operations of discontinued division 26,250 Net income / (less) -41,250 -15,000 Net Income / (loss) 352,500 Unrealized holding loss on available-for-sale securities Comprehensive Income

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