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Accountin CHAPT ances for Eccles Corp. as of its fiscal year ended April 30, 2017. statement in good form, assuming 5,000 shares of common (2) Below are the account Prepare a corporate income stock were outstanding during the year. Eccles go0 outstandino 16,000 Administrative expenses 80,000 Cost of goods sold Discontinued operations: (A) income from operations of discontinued segment 20,000 (Net of taxes, $5,000) (B) loss on disposal of segment (Net of tax savings, $6,000) 14,000 8,000 160,000 50,000 Income taxes applicable to continuing operations Sales Selling expenses