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Wildhorse Corporation has income from continuing operations of $377,000 for the year ended December 31,2025....

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Accounting

Wildhorse Corporation has income from continuing operations of $377,000 for the year ended December 31,2025. It also has the following items (before considering income taxes).1, An unrealized loss of $104,000 on available-for-sale securities.2. A gain of $39,000 on the discontinuance of a division (comprised of a $13,000 loss from operations and a $52,000 gain on disposal). Assume all items are subject to income taxes at a 20% tax rate. Prepare a partial income statement, beginning with income from continuing operations and Prepare a statement of comprehensive income.
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