Your answer is partially correct. In 2017, Whispering Winds Corporation discontinued its retail store operations to focus on its online opportunities. The elimination of these retail operations is properly considered a discontinued operation. During the current year, its store operations lost $680,000 (net of tax) while its online operations reported a profit of $3,020,000 (net of tax). Whispering Winds sold the store operations at the end of the year at a loss of $1,360,000 (net of tax). Prepare an income statement for 2017 beginning with line item "Income from continuing operations." Income From Continuing Operations Discontinued Operations WHISPERING WINDS CORPORATION Partial Income Statement For the Year Ended December 31, 2017 Loss From Disposal of Store Operations Net of Tax -680000 Loss From Operation of Discontinued Store Operations Net of Tax -1360000 Net Income/(Loss) 3020000 -1360000 -1660000