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On June 30, Sarasota Corp. discontinued its operations in Mexico. During the year, the operating income was $290,000 before taxes. On September 1, Sarasota disposed

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On June 30, Sarasota Corp. discontinued its operations in Mexico. During the year, the operating income was $290,000 before taxes. On September 1, Sarasota disposed of the Mexico facility at a pretax loss of $690,000. The applicable tax rate is 30%. Show the discontinued operations section of Sarasota's income statement

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