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Trayer Corporation has income from continuing operations of $288,000 for the year ended December 31, 2020. It also has the following items (before considering income taxes).
1.An unrealized loss of $70,000 on available-for-sale securities.
2.A gain of $33,000 on the discontinuance of a division (comprised of a $15,000 loss from operations and a $48,000 gain on disposal).
Assume all items are subject to income taxes at a 16% tax rate.
Prepare a statement of comprehensive income, beginning with income from continuing operations.
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