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Listed below are selected account balances from the 12/31/20 adjusted trial balance of the R&B company 23,000 Retained earnings Sales revenue, net of allowances and

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Listed below are selected account balances from the 12/31/20 adjusted trial balance of the R&B company 23,000 Retained earnings Sales revenue, net of allowances and discounts Cost of goods sold Deferred revenue Depreciation expense Accrued interest payable Interest expense Gain from the sale of financial assets Accumulated depreciation 50,000 28,000 4,000 4,500 2,500 2,000 500 12,000 In addition, you know that $4,000 dividends were declared and paid during the year 2020, that the tax rate is 20%, and that a broken piece of equipment caused inventory to be thrown away resulting in a $1,000 loss QUESTION: In the multi-step income statement for the year ended 12/31/2020, what will be reported as "Income from Continuing Operations before taxes"? NOTE: Do not include the $ symbol in the answer. Also, use the comma to separate the thousands. For example, a correct answer will be "45,000", not "$45,000" or "45000". Use parentheses for a negative number: for example, write "(45,000)", not "-45,000". Listed below are selected account balances from the 12/31/20 adjusted trial balance of the R&B company 23,000 Retained earnings Sales revenue, net of allowances and discounts Cost of goods sold Deferred revenue Depreciation expense Accrued interest payable Interest expense Gain from the sale of financial assets Accumulated depreciation 50,000 28,000 4,000 4,500 2,500 2,000 500 12,000 In addition, you know that $4,000 dividends were declared and paid during the year 2020, that the tax rate is 20%, and that a broken piece of equipment caused inventory to be thrown away resulting in a $1,000 loss QUESTION: In the multi-step income statement for the year ended 12/31/2020, what will be reported as "Income from Continuing Operations before taxes"? NOTE: Do not include the $ symbol in the answer. Also, use the comma to separate the thousands. For example, a correct answer will be "45,000", not "$45,000" or "45000". Use parentheses for a negative number: for example, write "(45,000)", not "-45,000

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