Income before taxes was: * $148,200 $494,000 $129,000 None of the options .... Discontinued operations will have the following effect in the income statement: * A decrease by $25,600 A decrease by $41,300 An increase by $31,000 Cannot be determined .......... Based on the data above, income before extraordinary events was: * $259,700 $320,200 $314,800 None of the options .... Based on the data above, the net extraordinary loss was: * $18,900 $8,100 $27,000 None of the options .... Based on the data above, Net income was: * $187,800 $293,200 $205,240 None of the options

Income Statement The following accounts are extracted from the worksheet of Mark Company on December 31, 2020 Gross profit $850,000 Interest Expense 31,000 Administrative Expenses 210,000 Selling Expenses 115,000 During the year, the company stopped the activities of its T segment which had resulted in a net of tax loss on disposal $13,000 and a pretax operating loss of $18,000 During the year, the company suffered from an abnormal and rare earthquake damages that had resulted in a net of tax loss 27,000 Tax Rate 30%