partial statement of income

Question 5 of 8 /10 Sandhill Ltd. has profit from continuing operations of \$320,000 for the year ended December 31. 2024. It also has the following before considering income tax a net gain of $79,000 from the discontinuance of a component of the entity, which includes a $117,000 profit from the operation of the segment and a $38,000 loss on its disposal. Assume that the income tax rate on allitems is 3976 . Prepare a partial income statement, beginning with profit from continuing ogerations, using the all-inclusive format. 5 SANDHILLLTD. Partial Statement of Income \$ s $