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ABC Corporation's accounting records include the following items, listed in no particular order, at December 31, 2018: Click the icon to view the data.) The
ABC Corporation's accounting records include the following items, listed in no particular order, at December 31, 2018: Click the icon to view the data.) The income tax rate for ABC Corporation is 39%. Prepare ABC's income statement for the year ended December 31, 2018. Omit earnings per share. Use the multi-step format. Prepare the income statement through the income before taxes, then complete the income statement through the net income. (Use parentheses or a minus sign to enter amounts for Other Expenses.) ABC Corporation Income Statement Year Ended December 31, 2018 Income Before Income Taxes i Data Table $ Other Income and (Expenses) Net Sales Gain on Discontinued Operations (7,200) 81,000 3,600 Cost of Goods Sold Operating Expenses 30,000 25,000 Print Done
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