Leigh Corp. disposed of its Knit Products Division in June at a loss of $68,400 before tax. Prior to the sale, the Knit Products Division (considered a sepa reported income from continuing operations of $1,620,000 before tax for the year. a. Assuming an income tax rate of 25%, prepare an income statement beginning with income from Continuing Operations, Ignore earnings per share d - Use a negative sign to indicate a loss. b. Repeat the requirements of part a but now assume that the Knit Products Division reported income from operations of $144,000 for the year. - Use a negative sign to indicate a loss. fo the sale, the Knit Products Division (considered a separate business component) reported a net loss from operations of $729,000 before tax. Leigh Corp. from Continuing Operations, Ignore earnings per share disclosures: 3 income from operations of $144,000 for the year