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income for the first quarter in 2021 is expected to be $20,000. Croatan is subject to a 30% income tax rate. Required: Prepare the results

image text in transcribed income for the first quarter in 2021 is expected to be $20,000. Croatan is subject to a 30% income tax rate. Required: Prepare the results from discontinued operations section of Croatan's income statement for 2020 , using good format. Show all computations

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