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On April 1, 2020, D Company decided to dispose of their Scuba Division. D Company sold Scuba Division to Cat Corporation on November 30, 2020,
On April 1, 2020, D Company decided to dispose of their Scuba Division. D Company sold Scuba Division to Cat Corporation on November 30, 2020, for net gain on the sale of $174,326. From April 1st to November 30th, Scuba Division generated a gain on operations of $155,564. The tax rate is 30%. Desert reported $890,206 in Income from Continuing Operations. What is the amount of Net Income D Company will report on its income statement?
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