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Can you help me solve this problem as soon as possible? The Skywaiker Corporation finalized the sale of its droid manufacturing division for $102 million
Can you help me solve this problem as soon as possible? The Skywaiker Corporation finalized the sale of its droid manufacturing division for $102 million on December 31,2024 , at the c the fiscal year. The drold manufacturing business segment qualifies as a component of the entity, according to GAAP. Consider following additional information: - The book value of the assets of the segment was $7.6 miltion at the time of the sale. - The income from operations of the segment during 2024 was $4.6 million. - Pretax income from other continuing operations for the year totaled $12.6million. - The income tax rate is 25%. Prepare the lower portion of the 2024 income statement beginning with income from continuing operations before income tax Note: Loss amounts should be indicated with a minus sign. Enter your answers in whole dollars and not in millions. For ex. $4,000,000 rather than $4
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