Rayer corporation has income from continuing operations of $319,000 for the year ended december 31, 2017. it also has the following items (before considering income taxes). 1. an unrealized loss of $58,800 on available-for-sale securities. 2. a gain of $25,300 on the discontinuance of a division (comprised of a $8,200 loss from operations and a $33,500 gain on disposal). 3. a correction of an error in last year’s financial statements that resulted in a $20,000 understatement of 2016 net income. assume all items are subject to income taxes at a 16% tax rate. prepare a statement of comprehensive income, beginning with income from continuing operations. swifty corporation partial statement of comprehensive income $ $ $ click if you would like to show work for this question: open show work link to text question attempts: 1 of 5 used save for later submit answer

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.