Answer:
Explanation:
Statement of Comprehensive Income :
$ $
Income from continuing operation before tax 500,000
Income Tax <u> (100,000)</u>
After Tax Income from Continuing operation 400,000
Loss from discontinuing operation (60,000)
Gain on disposal of discontinuing operation <u> 40,000</u>
loss on discontinuing operation b/4 tax (20,000)
income tax benefit @ 20% <u>4,000</u>
After tax gain on discontinuing operation (<u>16,000) </u>
Net Income 384,000
Unrealized loss on available-for -sale securities <u> (150,000)</u>
Other Comprehensive Income <u>234,000</u>
