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Trayer Corporation has income from continuing operations of $276,000...

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Accounting

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Trayer Corporation has income from continuing operations of $276,000 for the year ended December 1, 7017 It also has the folowing erns(before, contadering income taxes) 1. An unrealized loss of $77,000 on available for-sale securities 2. A gsain of s m,.00 n the discontrnunce of a dviaton (conpriond of a $13,000 bons from operations and a $49,000 gain on disposal) 30,000 understatement of 2016 net income 3. A correction of an error in kest year's financial statements that resualted in a Assume all iterns are subject to inconie tams at a 15% tax rate. Prepare an income statemment, beginning with income from contining oerations TRAYL R CRORATION Partial Statement of SPPING 016 ALL 201S NINTeR 20r

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