Assume these events happened to Bakko, Inc. in Year4. Bakko uses December 31 for the annual reporting period. At the beginning of Year4, Bakko owns 12 donut stores and 30 gas stations. Each of the 42 businesses are separate business components.

Bakko sells 2 donut stores in Year4 on October 1. The disposition is not considered to be a strategic shift,

Bakko sells 6 gas stations in urban areas on May 1. The disposition is considered to be a strategic shift.

Match each of the following descriptions to where it would most likely be reported on Bakko's corporate income statement for Year4. Use the following choices for your answers. You can use each choice more than once or not at all.

A. Part of income from continuing operations B. As a discontinued operation C. Not part of net income for Year4

-A.B.C.	1. Gain of $12,000 on sale of some equipment from one of the gas stations that Bakko still owns at 12/31/Year4.
-A.B.C.	2. Bakko receives $5,000 for a fuel contract that will begin in Year5.
-A.B.C.	3. Bakko has $100,000 gain on the sale of the gas stations on May 1, Year4.
-A.B.C.	4. Operating results through April 30,Year4 for the gas stations that were sold.
-A.B.C.	5. Bakko has a $20,000 loss on the sale of the donut stores on October 1.

A.	Part of income from continuing operations
B.	As a discontinued operation
C.	Not part of net income for Year4