Question: Alpha s Bunny Barn has experienced a $ 6 0 , 0 0 0 loss due to tornado damage to its inventory. Tornados have never

Alphas Bunny Barn has experienced a $60,000 loss due to tornado damage to its inventory. Tornados have never before occurred in this area. Assuming that the companys tax rate is 30%, what amount will be reported for this loss on the income statement?

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