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On June 30, Martinez Corporation discontinued its operations in Mexico. During the year, the operating income was $290,000 before taxes. On September 1, Martinez disposed
On June 30, Martinez Corporation discontinued its operations in Mexico. During the year, the operating income was $290,000 before taxes. On September 1, Martinez disposed of the Mexico facility at a pretax loss of $698,000. The applicable tax rate is 28%. Show the discontinued operations section of Martinez's income statement
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