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Give the following items from the general ledger of Stop, Inc, which sold its Sign Division during 20X2 Accumulated Depreciation Loss on Bond Retirement Gain

Give the following items from the general ledger of Stop, Inc, which sold its Sign Division during 20X2

Accumulated Depreciation

Loss on Bond Retirement

Gain on Disposal of Stop Division

Loss from Operations of Stop Division

Loss from Severe Blizzard

Overstatement of Inventory from 20X2

$35,000

30,000

40,000

25,000

22,000

55,000

The income tax rate is 40%. Assume that Income Before Taxes is $600,000.

Compute the following amounts that would be reported in Stop's Income Statement (ignore the sign (+/-) ... just give me the amount):

Income Tax Expense, $

Discontinued Operations, $

Other Revenues and Expenses, $

Prior Period Adjustment, $

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