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Ra Major Co. reported 2013 income of $210000 from continuing operations before income taxes and a before-tax loss from discontinued operations of $55000. All income

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Ra Major Co. reported 2013 income of $210000 from continuing operations before income taxes and a before-tax loss from discontinued operations of $55000. All income is subject to a 35% tax rate. In the 2013 income statement Major Co. would show the following line-item amount for net income

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