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  3. during 2022, coronado corporation had the followin

During 2022, Coronado Corporation had the following amounts, all before calculating tax effects: income before...

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Accounting

During 2022, Coronado Corporation had the following amounts, all before calculating tax effects: income before income taxes $493,000, loss on operation of discontinued music division $56,000, gain on disposal of discontinued music division $35,000, and unrealized loss on available-for-sale securities $154,000. The income tax rate is 27%.
Prepare a partial income statement, beginning with income before income taxes, and a statement of comprehensive income for the year ended December 31,2022.(Enter loss using either a negative sign preceding the number e.g.-2,945 or parentheses e.g.(2,945).)
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