Testbank Multiple Choice Question 71 During 2020, Oriole Company disposed of Lisa Division, a major component of its business. Oriole realized a gain of $2940000, net of taxes, on the sale of Usa's assets. Lisa's operating losses, net of taxes, were $3480000 in 2020. How should these facts be reported in Oriole's income statement for 20207 Total Amount to be included in Income from Results of Continuing Operations Discontinued Operations $3480000 loss $2940000 gain 0 0 0 0 2940000 gain 3480000 loss 540000 loss 540000 loss Click if you would like to Show Work for this question: Open Show Work Testbank Multiple Choice Question 99 The income statement of Bonita Industries for 2020 included the following items: Interest revenue Salaries and wages expense Insurance expense $137000 215000 22900 The following balances have been excerpted from Bonita Industries's balance sheets: December 31, 2020 Interest receivable $17900 Salaries and wages payable 18600 Prepaid insurance 2400 December 31, 2019 $15900 9300 2700 The cash received for interest during 2020 was O $119100 O $139000. O $135000. O $137000. Click if you would like to Show Work for this question: Open Show Work