discontinued subsidiary accounted for 20% of revenues and 15% of all operating expenses. BE5-13. Discontinued Operations. Jojo, Inc. held a discontinued operation as of December 31, 2018. The operating loss from the discontinued operation was $500,000 for the period. As of December 31, 2018, the net assets of the discontinued operations had decreased in fair value by S272,000. Jojo's tax rate is 30%. Prepare the discontinued operations part of its income statement. BE5.14. Discontinued Operations. Coftee Company committed to a plan on October 1 of the current year to dis- continue its beverage segment. Income from operating the segment was $1,250,000 for January through September and $727,000 for October through November. Coftee sold the segment on November 30 for a loss of $168.000. Coftee's tax rate is 20%. Prepare the discontinued operations part of Coftee's income statement