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The Borrelli Corporation sold its credit subsidiary on December 31 ofthe current year at a gain ofs140. See below for Prepare Borrell Corporations statement o

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The Borrelli Corporation sold its credit subsidiary on December 31 ofthe current year at a gain ofs140. See below for Prepare Borrell Corporations statement o the corporation's income statement before removing the discontinued subsidiary and before the inclusion of the gain on the sale of the all of the necessary oonditions to be repon subsidiary and 15% of all operating expenses (Use (click the icon to view the corporation's income statement belone removing the discontinued subsidiary and before the indusion of 40% income tax rate. Round your answer the gain on the sale of the subsidiary.) For the Year Ended December 31 Data Table Less Cost of Goods Sold Gross Profit Borrelli Corporation Operating Expenses Statement of Net Income Selling, General and Administrative Expenses For the Year Ended December 31 Depreciation and Amortization Expense 14,000 Total Operating Expenses Cost of Goods Sold 6,400 ,600 Income From Conti Operations Before Tax Income Tax Expense Selling, General, and Administrative Expenses Depreciation and Amortization Expense Income From Continuing Operations Income Before Tax Discontinued Operations Income From operators of Discontinued Segment Net of Tax Income Tax Expense (at 40%) 2,456 Gain on Drsposal of Discontinued ment, Net of Tax Net Income 3,684 Net Income Choose from any list or enter any number in the input fields and then continue to the next

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