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Blue Spruce Inc reported income from continuing operations of $84,000 and a loss from discontinued operations of $16,400 in 2020, all before income taxes. All

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Blue Spruce Inc reported income from continuing operations of $84,000 and a loss from discontinued operations of $16,400 in 2020, all before income taxes. All items are fully taxable and deductible for tax purposes. Prepare the bottom of the income statement for Blue Spruce Inc., beginning with income from continuing operations before income tax. Assume a tax rate of 25% (Partial) Income Statement For the Year Ended 2020 $

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