Lyon Corp reported income from continuing operations before taxes of $774,000 and income from discontinued operations of $198,000.Lyon also reported $77,000 of unrealized gains from fair value accounting adjustments recorded as other comprehensive income.The company is subject to a 35% tax rate and reports no permanent differences.
Prepare a partial income statement including comprehensive income.

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The Answer of Lyon Corp reported income from continuing operations before taxes of $774,000 and income from discontinued operations of $198,000.Lyon also reported $77,000 of unrealized gains from fair value accounting adjustments recorded as other comprehensive income.The company is subject to a 35% tax rate and reports no permanent differences.
Prepare a partial income statement including comprehensive income.

Lyon Corp Reported Income from Continuing Operations Before Taxes of $774,000