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Scroll down to complete all parts of this task. On July 1, Year 1, the board of directors of All Seasons Sports Inc. voted to
Scroll down to complete all parts of this task. On July 1, Year 1, the board of directors of All Seasons Sports Inc. voted to dispose of the Ski & Snowboard operating segment of the company. The company was committed to its plan to sell the segment, believed that the segment could be sold for no more than $2,500,000, and was actively looking for a buyer. On April 1, Year 2, the division was sold to We Love Winter Inc. for a sales price of $3,200,000. All Seasons Sports paid a brokers fee of 10 percent of the sales price when the transaction was closed. All Seasons Sports has a tax rate of 30 percent. Use the information in the exhibits to calculate the Gain/(Loss) from discontinued operations for Year 1 and Year 2. Enter gains as positive whole dollars and losses as negative whole dollars. If there is no gain or loss, enter a zero (0)
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