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Teal Mountain Corporation had income from contimuing operations of ( $ 480,000 ) for the year ended December 31,2020 . It also had a loss

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Teal Mountain Corporation had income from contimuing operations of \\( \\$ 480,000 \\) for the year ended December 31,2020 . It also had a loss of \\( \\$ 50,000 \\) on discontinuance of a division (before income taxes). All items are subject to income taxes at a \25 tax rate. Prepare a partial income statement, beginning with income from continuing operations

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