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Please help thank you During the current year, Dale Corporation sold a segment of its business at a gain of $546,000. Until it was sold,
Please help thank you
During the current year, Dale Corporation sold a segment of its business at a gain of $546,000. Until it was sold, the segment had a current period operating loss of $195,000. The company had $2,210,000 from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the $2,210,000 income from continuing operations. Follow tax allocation procedures, assuming that all changes in income are subject to a 40% income tax rate. Disregard earnings per share disclosures. (Round all calculations to nearest dollar amount.)Step by Step Solution
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