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Practice Brief Exercise 4-4 In 2017, Pina Colada Corporation discontinued its retail store operations to focus on its online opportunities. The elimination of these retail

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Practice Brief Exercise 4-4 In 2017, Pina Colada Corporation discontinued its retail store operations to focus on its online opportunities. The elimination of these retail operations is properly considered a discontinued operation. During the current year, its store operations lost 770,000 (net of tax) while its online operations reported a profit of $3,400,000 (net of tax). Pina Colada sold the store operations at the end of the year at a loss of $1,340,000 (net of tax). Prepare an income statement for 2017 beginning with line tem Income from continuing operations

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