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The proposed sale of the Bowie plant is part of the effort to divest the company of underperforming assets. A total of $1.3 billion in

The proposed sale of the Bowie plant is part of the effort to divest the company of underperforming assets. A total of $1.3 billion in assets, with a book value of $750 million, have been identified for potential sale. Assuming that the sale of these assets is completed in the year of the sale, identify the major impacts (increase or decrease and amount) on the following: Net Income (Income Statement).

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