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In 2017, Novak Corporation discontinued its retail store operations to focus on its online opportunities. The elimination of these retail operations is properly considered a

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In 2017, Novak Corporation discontinued its retail store operations to focus on its online opportunities. The elimination of these retail operations is properly considered a discontinued operation. During the current year, its store operations lost $700,000 (net of tax) while its online operations reported a profit of $3,550,000 (net of tax). Novak sold the store operations at the end of the year at a loss of $1,180,000 (net of tax). Prepare an income statement for 2017 beginning with line item "Income from continuing operations." NOVAK CORPORATION Partial Income Statement $ V $ >

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