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Vaughn Corporation has income from continuing operations of $260,000 for the year ended December 31,2022....

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Accounting

Vaughn Corporation has income from continuing operations of $260,000 for the year ended December 31,2022. It also has the following items (before considering income taxes).
An unrealized loss of $76,000 on available-for-sale securities.
A gain of $29,000 on the discontinuance of a division (comprised of a $18,000 loss from operations and a $47,000 gain on disposal).
Assume all items are subject to income taxes at a 24% tax rate.
Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income. (Enter loss using either a negative sign preceding the number e.g.-2,945 or parentheses e.g.(2,945).)
VAUGHN CORPORATION
Income Statement (Partial)
For the Year Ended December 31,2022
Income from Continuing Operations
$
Discontinued Operations
Loss from Operations, Net of Income Tax Savings
$
Gain from Disposal, Net of Income Taxes
VAUGHN CORPORATION
Statement of Comprehensive Income
For the Year Ended December 31,2022
Net Income /(Loss)
$
Other Comprehensive Income
Unrealized Holding Loss on Available-for-Sale Securities
Comprehensive Income /(Loss)
S
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