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2. Sultan Corporation had income from continuing operations of $10,600,000 in 2010. During 2010, it disposed of its restaurant division at an after-tax loss of
2. Sultan Corporation had income from continuing operations of $10,600,000 in 2010. During 2010, it disposed of its restaurant division at an after-tax loss of $189,000. Prior to disposal, the division operated at a loss of $315,000 (net of tax) in 2010. Sultan had 10,000,000 shares of common stock outstanding during 2010. Prepare a partial income statement for Sultan beginning with income from continuing operations
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