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(18 pts) In May of 2020, Walmart Inc. agreed to sell the assets of its footwear division to Target Inc. for $80,000. The division sold
(18 pts) In May of 2020, Walmart Inc. agreed to sell the assets of its footwear division to Target Inc. for $80,000. The division sold on December 31, 2020. The following additional facts pertain to the transaction: . The book value of the division's assets totaled $48,000 on the date of the sale. The division's operating income was a pre-tax loss of $10,000 in 2020. Walmart's income tax rate is 25%. Walmart's income statement for the period ended December 31, 2020 is almost complete but it is missing some important values (SA-$D) and words (E-G): Discontinued operations: Net gain/loss from operations of discontinued component, (including E on disposal of $A) Income tax F G on discontinued operations SB SC SD Please provide the missing values and words to complete Walmart's income statement: SA SB SC $D ||||||| (3 pts) (3 pts) (3 pts) (3 pts) gain / loss E F G benefit / expense (2 pts) (2 pts) (2 pts) gain / loss
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