E141A

EXERCISES-SETA Sections During the current year, Dale Corporation sold a segment of its busi- in of $210,000. Until it was sold, the segment had a current period operating loss of e company had $850,000 income from continuing operations for the current year. Pre- E14-1A. Income Statement LO1 ness at a gain of S210,000. Until i was sold the se $75,000. The operations. Follow tax allocation procedures, assuming that all changes in income are subject to a 35 percent income tax rate. Disregard earnings per share disclosures. pare the lower part of the income statement, beginning with the $850,000 income from continuing