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Your answer is partially correct. On June 30, Bonita Corporation discontinued its operations in Mexico. During the year, the operating income was $348,000 before taxes.

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Your answer is partially correct. On June 30, Bonita Corporation discontinued its operations in Mexico. During the year, the operating income was $348,000 before taxes. On September 1, Bonita disposed of the Mexico facility at a pretax loss of $748,000. The applicable tax rate is 25% Show the discontinued operations section of Bonita's income statement. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2.945).) BONITA CORPORATION Partial Income Statement Discontinued operations: Loss on disposal of Mexican facility # Loss on disposal of Mexican facility 300000 261000 561000

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