Question 29 0.73/1 View Policies Show Attempt History Current Attempt in Progress In 2017, Flounder 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 $600,000 (net of tax) while its online operations reported a profit of $3,370,000 (net of tax). Flounder sold the store operations at the end of the year at a loss of $1,200,000 (net of tax). Prepare an income statement for 2017 beginning with line item "Income from continuing operations." FLOUNDER CORPORATION Partial Income Statement $ Partial Income Statement For the Year Ended December 31, 2017 Income From Continuing Operations $ Income From Continuing Operations Loss From Operation of Discontinued Store Operations Net of Tax $ Loss From Disposal of Store Operations Net of Tax Net Income /(Loss) $