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In its proposed 2022 income statement, Pina Colada Corp. reports income before income taxes $578,000,...

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Accounting

In its proposed 2022 income statement, Pina Colada Corp. reports income before income taxes $578,000, income taxes $115,600 (not including unusual items), loss on operation of discontinued music division $68,300, gain on disposal of discontinued music division $33,500, and unrealized loss on available-for-sale securities $133,000. The income tax rate is 20%. Prepare a correct partial income statement, beginning with income before income taxes, and a statement of comprehensive income for the year ended December 31, 2022.imageimage

PINA COLADA CORP. Partial Income Statement $

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