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For the year ending December 31, 2018, Benson Corporation had inoome from below are before taxes and the amounts should be considered material 1In November

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For the year ending December 31, 2018, Benson Corporation had inoome from below are before taxes and the amounts should be considered material 1In November 2018, Benson sold its Pancake Vilage restaurant chain that qualified as a component of n continuing operations befone taxes of $1,260,000 before considering the Ielowing transactions and events All of the items descrbed chain from January 1, 2018, through November was $165,000 and the loss on sale of the chain's assots was $310,000 2. In 2018, 3. In 2016, Benson's accountant ontted the anualstment for patent amotason expense of S 125 000 The erer was not dscovered wer Docent er 201a enson sold one of its six factories for $1,300,000. At the time of the sale, the factory had a book value of $1,150,000. The factory was not considered a comporent of the entty Required: Prepare Benson's income stater nt, beginning with room e tom contnung operatons be re taxes for the year ended Oecember 31, 2018. Assume an ncome tirate of 20% ign re EPS dadas res (Amounts to be deducted should be indicated with a minus sign Partial Inceme Statement Inoome from contnuing operations before inome taxes Income from coninuing operations Loss on disoontinued operations

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