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Waterway Corporation has income from continuing operations of $296,000 for the year ended December 31,...

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Accounting

Waterway Corporation has income from continuing operations of $296,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes). 1. 2. An unrealized loss of $88,000 on available-for-sale securities. Again of $26,000 on the discontinuance of a division (comprised of a $20,000 loss from operations and a $46,000 gain on disposal). Assume all items are subject to income taxes at a 25% tax rate. Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income

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