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Current Attempt in Progress The following information was taken from the records of Waterway Inc. for the year 2 0 2 5 : Income tax

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The following information was taken from the records of Waterway Inc. for the year 2025: Income tax applicable to income from
continuing operations $216,920, income tax poplicable to loss on discontinued operations $29,580, and unrealized holding gain on
available-for-sale debt securities (net of tax) $17,400.
Shares outstanding during 2025 were 100,000.
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