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Ivanhoe Ltd. has profit from continuing operations of $370,000 for the year ended December 31,2024 . It also has the following before considering income taxi

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Ivanhoe Ltd. has profit from continuing operations of $370,000 for the year ended December 31,2024 . It also has the following before considering income taxi a net gain of $77,000 from the discontinuance of a component of the entity, which includes a $111,000 profit from the operation of the segment and a $34,000 loss on its disposal. Assume that the income tax rate on all items is 30%. Prepare a partial income statement, beginning with profit from continuing operations, using the all-inclusive format. IVANHOE LTD. \begin{tabular}{l} \hline \end{tabular} \begin{tabular}{l} Partial Statement of Income \\ Year Ended December 31,2024 \\ \hline \end{tabular} Discontinued Operations Profit on Discontinued Component Operations Loss on Disposal of Discontinued Operations $ IVANHOELTD

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