Income Statement Sections During the current year, Dale Corporation sold a segment of its business at...

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Income Statement Sections During the current year, Dale Corporation sold a segment of its business at a gain of $198,000. Until it was sold, the segment had a current period operating loss of $77,000. The company had $820,000 income from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the $820,000 income from continuing operations. Follow taxe allocation procedures, assuming that all changes in income are subject to a 40 percent income tax rate. Disregard earnings per share disclosures Do not use negative signs with any of your answers. Income from Continuing Operations Discontinued Operations Loss from operations of discontinued segment S Gain on disposal of discontinued segment Net income Income Statement Sections During the current year, Dale Corporation sold a segment of its business at a gain of $198,000. Until it was sold, the segment had a current period operating loss of $77,000. The company had $820,000 income from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the $820,000 income from continuing operations. Follow taxe allocation procedures, assuming that all changes in income are subject to a 40 percent income tax rate. Disregard earnings per share disclosures Do not use negative signs with any of your answers. Income from Continuing Operations Discontinued Operations Loss from operations of discontinued segment S Gain on disposal of discontinued segment Net income