niment Banks Corp. reported net income of $595,000 in 2012. During 2012 Banks reported a loss of $87,435 from a peripheral activity. The loss was included as part of income from continuing operations. Assuming that the loss is a one-time event and that Banks has an effective tax rate of 35%, calculate Banks'adjusted net income. Show all of your calculations for credit The input in the box below will not be graded, but may be reviewed and considered by your instructor, In addition, discuss why analysts might make an adjustment of this type. The input in the box below will not be graded but may be reviewed and considered by your instructor. OR