In its proposed 2017 income statement, Whispering Winds Corp. reports income before income taxes $476,000,...
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In its proposed 2017 income statement, Whispering Winds Corp. reports income before income taxes $476,000, income taxes $76,160 (not including unusual items), loss on operation of discontinued music division $62,300, gain on disposal of discontinued music division $43,000, and unrealized loss on available-for-sale securities $141,000. The income tax rate is 16%. Prepare a correct statement of comprehensive income, beginning with income before income taxes.
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