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Macy's Pet Corporation has operating income of $1.15 million, a loss on sale of investments of $145,000, and income tax expense of $287,500 for
Macy's Pet Corporation has operating income of $1.15 million, a loss on sale of investments of $145,000, and income tax expense of $287,500 for the year ended December 31, 2024, before considering the following item: a $220,000 gain, after tax, from the disposal of an operating segment. Required: Prepare the 2024 multiple step income statement for Macy's Pet Corporation beginning with operating income. (Enter your answer in dollars, not millions. (ie, $5.5 million should be entered as 5,500,000).) MACY'S PET CORPORATION Income Statement For the Year Ended December 31,2024 Operating income Income before tax tes Discontinued operation $1,150,000
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