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Blossom Corporation reported the following pre-tax amounts for the year ended August 31, 2021: profit before income tax on the company's continuing operations. $332,000, loss
Blossom Corporation reported the following pre-tax amounts for the year ended August 31, 2021: profit before income tax on the company's continuing operations. $332,000, loss from discontinued operations, $92,000, and gain on disposal of assets of discontinued operations. $61.000. Blossom is subject to a 21% income tax rate. Calculate the income tax expense on continuing operations. Income tax expense on continuing operations S Calculate any income tax expense or savings on each item of discontinued operations (Enter negative amounts using either a negative sign preceding the number eg -45 or (45)) Income tax on operating losses Income tax on gainon disposal of assets $ Total income tax on discontinued operations S Blossom Corporation reported the following pre-tax amounts for the year ended August 31, 2021: profit before income tax on the company's continuing operations. $332.000; loss from discontinued operations, $92,000; and gain on disposal of assets of discontinued operations, $61,000. Blossom is subject to a 21% income tax rate. Calculate the income tax expense on continuing operations Income tax expense on continuing operations Calculate any income tax expense or savings on each item of discontinued operations. (Enter negative amounts using either a negative sign preceding the numb (45) Income tax on operating losses Income tax on gain on disposal of assets $ Total income tax on discontinued operations $
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