Question 3 (6 points) Ketchup Inc. had income from continuing operations of $830,000 (after taxes) in 2020 (1/1/2020 to 12/31/2020). In addition, it had the following items related to discontinued operation: Loss from the operation of the discontinued retail division $ 190,000 (pre-tax) Gain on the disposal of the discontinued retail division, $ 240,000 (pre-tax) Assume a tax rate of 30%. Below is an incomplete partial income statement that Ketchup has prepared, (1) ? (2) 2 (3) ? Income from continuing Operations $830,000 Discontinued operations Loss from operations of discontinued retail division, net of tax of S (a) ? 6) Gain on disposal of discontinued retail division, net of tax of $ (C) ? (d) Net income (e) Requirement: 1. Complete the heading by filling out the missing information in boxes (1)-(3). (1 point each and 3 points total.) Answer 4 (2): (3): 2. Finish the partial income statement by entering the missing amounts in boxes (a)- (e) (3 points total: 0.5 point for each of a-d, and 1 point for e). Answer (a): A/ (b): A) (c): (d): A (e): A/ (3): 2. Finish the partial income statement by entering the missing amounts in boxes (a)- (e) (3 points total: 0.5 point for each of a-d, and 1 point for e). Answer (a): A (b): A) (c): (d): (e): > Previous Page Next Page Page 3 of 27