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  3. in its proposed 2022 income statement, indigo corp

In its proposed 2022 income statement, Indigo Corporation reports income before income taxes $499,000, income...

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Accounting

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In its proposed 2022 income statement, Indigo Corporation reports income before income taxes $499,000, income taxes $99,800 (not including unusual items), loss on operation of discontinued music division $66,800, gain on disposal of discontinued music division $38,400, and unrealized loss on available-for-sale securities $140,000. The income tax rate is 20%. Prepare a correct partial income statement, beginning with income before income taxes, and a statement of comprehensive income for the year ended December 31, 2022. Partial Income Statement INDIGO CORPORATION Statement of Comprehensive Income eTextbook and Media Save for Later

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