New Orleans Adventures

Prepare an income statement using the following data for New Orleans Adventures for the year ended December 31: Sales Cost of goods sold Operating expenses Income tax expense Loss on discontinued operations $24,500,000 10,900,000 6,300,000 500,000 100,000 New Orleans Adventures Income Statement For the Year Ended December 31 24,500,000 -10,900,000 13,600,000 Sales Cost of goods sold Gross profit Operating expenses Income from continuing operations Loss on discontinued operations Income before extraordinary item Income tax expense Net income