Computing and Reporting Discontinued Operations Jules Inc. reported net income of $1,345,200, income from continuing operations of $1,440,000 (after tax), and a loss from a discontinued component of $384,000 (pretax) for the year ended December 31, 2020. The company's tax rate is 25%. The decision to dispose of the component was made on June 1, 2020, and the component was sold on November 30, 2020. Required Compute net proceeds from the sale of the discontinued component if the carrying value of the business component was $380,000 on November 30, 2020 (the date of sale). Gain on disposal of discontinued component, before tax $ 312,900 x Carrying value of the discontinued component 380,000 Net proceeds from the sale of the discontinued component $ 692,900 X Check