how to get profit before tax and then continuing operations?

Check my work 4 1 points During 2020, Glentel Inc. sold its interest in a chain of wholesale outlets. This sale took the company out of the wholesaling business completely. The company still operates its retail outlets. Following are eight profit related items: Debit Credit 1. Depreciation expense $157,500 2. Gain on sale of wholesale operation (not of $135,000 income taxes) 5405,000 3. Loon from operating wholesale operation (net of $112,000 tax benefits 333.000 4. salaries expense 324,000 5. Balea 1.620,000 6. Gain on expropriation of company property 264,000 7. Cost of goods sold 820,000 1. Income taxes expense 190.200 ook Present a multiple-step income statement for 2020. GLENTEL INC. Income Statement For Year Ended December 31, 2020 Sales fCost of boods sold $1,620,000 828.000 Mc Romi 45 Not > 4 $ 1.620,000 828.000 792.000 Joints Book 157,500 324,000 GLENTEL INC Income Statement For Year Ended December 31, 2020 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ Salaries expense Total operating expenses Operating profit Other revenues/expenses Gain on expropriation of company property Profit from continuing operations before income tax Income tax expense Profit from continuing operations Discontinued operations Loss from wholesale operation Gain on sale of wholesale operation 481,500 310,500 264,000 190,200 333,000 405,000 291 Check my work 4 1 points During 2020, Glentel Inc. sold its interest in a chain of wholesale outlets. This sale took the company out of the wholesaling business completely. The company still operates its retail outlets. Following are eight profit related items: Debit Credit 1. Depreciation expense $157,500 2. Gain on sale of wholesale operation (not of $135,000 income taxes) 5405,000 3. Loon from operating wholesale operation (net of $112,000 tax benefits 333.000 4. salaries expense 324,000 5. Balea 1.620,000 6. Gain on expropriation of company property 264,000 7. Cost of goods sold 820,000 1. Income taxes expense 190.200 ook Present a multiple-step income statement for 2020. GLENTEL INC. Income Statement For Year Ended December 31, 2020 Sales fCost of boods sold $1,620,000 828.000 Mc Romi 45 Not > 4 $ 1.620,000 828.000 792.000 Joints Book 157,500 324,000 GLENTEL INC Income Statement For Year Ended December 31, 2020 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ Salaries expense Total operating expenses Operating profit Other revenues/expenses Gain on expropriation of company property Profit from continuing operations before income tax Income tax expense Profit from continuing operations Discontinued operations Loss from wholesale operation Gain on sale of wholesale operation 481,500 310,500 264,000 190,200 333,000 405,000 291