VII Adjustments Name: Date: Suppose a company has the following adjustments A) Inventory Write-off $3.OM; B) Goodwill Write-off $5.0M; C) Store Closure $4.0M; D) Extraordinary Item Uninsured Fire Loss $2.0. Gross up any after-tax adjustments to pre-tax amounts and adjust the Income Statement. JUST FILL IN THE FORM. NO NEED TO SHOW COMPUTATIONS FOR THIS PROBLEM. Hints: Ch 01 Lecture 4. Ref. Adjmt Adjusted 137.0 Sales COGS 75.0 Gross Profit 62.0 6.3 34.3 Selling & Marketing Other Overhead Extraordinary Item pre-tax Total Overhead Operating Income 40.6 21.4 4.3 17.1 5.1 Less Interest Expense Earnings Before Tax Income Tax @ 30% Income from Continuing Ops. Extraordinary Item Fire Loss Net Income 12.0 3.0 9.0