Chapter 14, Problem 14.3DI

In its proposed 2017 income statement. Hrabik Corporation reports income before income taxes $500,000, income taxes $100,000 (not including unusual items), loss on operation of discontinued music division $60,000, gain on disposal of discontinued music division $40,000, and unrealized loss on available-for-sale securities $150,000. The income tax rate is 20%. Prepare a correct statement of comprehensive income, beginning with income before income taxes.