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Wildcat Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2021: Income from continuing operations before income taxes

Wildcat Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2021:

Income from continuing operations before income taxes $ 100,000
Gain on disposal of discontinued component 19,000
Loss from operations of discontinued component (40,000 )

Wildcat Corporation is subject to a 30% tax rate. Required: Prepare the December 31, 2021, income statement for Wildcat Corporation, starting with income from continuing operations before income taxes.

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