Question 8 (15 points) The Williams company owns the BETA division. According to GAAP, BETA is a component of the entity and its disposal would represent a strategic shift for Williams. During 2020, BETA generated a pretax profit of $10,000. On 12/31/20, BETA is still owned by Williams, but it will be sold within the first weeks of January 2021 for $4,000. The book value of BETA's assets on 12/31/2020 is $3,000. If Williams pre-tax income from continuing operations is $30,000 and the tax rate is 20%, what is Williams going to report as "net income" at the bottom line of the income statement for the year ended 12/31/2020? NOTE: Do not include the $ symbol in the answer. Also, use the comma to separate the thousands. For example, a correct answer will be "45,000", not "$45,000" or "45000". Use parentheses for a negative number: for example, write "(45,000)", not "-45,000" AJ Previous Page Next Page Page 8 of 13