Chapter 3 Income Statement and Comprehensive Income 3-34 Inc. reported the following pretax amounts for 2020. Assuming an income tax rate of 25%, prepare the statement beginning with Operating income. Ignore the earnings per share disclosures. Brief Exercise 3-21 Preparing the Nonoperating ltoms Section of an Income Gomez $400,000 Statement LO2 48,000 .. Loss from discontinued operations 18,000