The Benitez Corporation sold its credit subsidiary on December 31 of the current year at a gain of$168. See below for thecorporation's income statement before removing the discontinued subsidiary and before the inclusion of the gain on the sale of the subsidiary.

Prepare Benitez Corporations statement of net income for the current year reflecting the discontinued subsidiary, assuming that it met all of the necessary conditions to be reported as a discontinued operation. The discontinued subsidiary accounted for 20% of revenues and 15% of all operating expenses.

Not sure how to find the numbers next to "Income Tax Expense", "Income From Operations of Discontinued Segment, Net Tax", and "Gain on Disposal of Discontinued Segment, Net Tax." If someone could help out that would be great!

Homework: Chapter 5 Homework Save Score: 0.73 of 1 pt 8 of 22 (8 complete) HW Score: 25.77%, 7.73 of 30 pts & BE5-12 (similar to) Question Help o The Benitez Corporation sold its credit subsidiary on December 31 of the current year at a gain of $168. See below for the corporation's income statement before removing the discontinued subsidiary and before the inclusion of the gain on the sale of the subsidiary. (Click the icon to view the corporation's income statement before removing the discontinued subsidiary and before the inclusion of the gain on the sale of the subsidiary.) Prepare Benitez Corporations statement of net income for the current year reflecting the discontinued subsidiary, assuming that it met all of the necessary conditions to be reported as a discontinued operation. The discontinued subsidiary accounted for 20% of revenues and 15% of all operating expenses. (Use the condensed, multi-step income statement format and assume the company is subject to a 40% income tax rate. Round your answers to the nearest cent, $X.XX. Use parentheses or a minus sign to enter any loss amount.) For the Year Ended December 31 Data Table Sales $ 19,200.00 (6,035.00) Less: Cost of Services Provided Gross Profit $ 13,165.00 Operating Expenses: Selling, General and Administrative Expenses Benitez Corporation Statement of Net Income For the Year Ended December 31 S 663.00 782.00 Depreciation and Amortization Expense Sales $ 24,000 1,445.00 Total Operating Expenses Income From Continuing Operations Before Tax Cost of Services Provided Gross Profit 7,100 16.900 $ 11,720.00 (4.688.00) S 780 $ 7,032.00 Income Tax Expense Income From Continuing Operations Discontinued Operations Income From Operations of Discontinued Segment, Net of Tax Gain on Disposal of Discontinued Segment, Net of Tax Selling, General, and Administrative Expenses Depreciation and Amortization Expense Income Before Tax 920 S 15,200 $ 2,088.00 100.80 Income Tax Expense (at 40%) 6,080 2,188.80 Net Income $ 9,120 $ 9,220.80 Net Income This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. Print Done All parts showing Similar