Baxter, Inc., reported income from continuing operations $($before taxes$)$ of $$55,000.$ In addition, there was a $$15,000$ loss $($pretax$)$ on the sale of a discontinued component of the business. Taxes of $$16,500(30\%)$ were paid. Prepare the bottom portion of the income statement. Baxter, Inc. Partial Income Statement For the year ended December $31,2020$ Baxtec, Inc, reported incorre from continuing operations $($before taxes$)$ of $\backslash (\backslash$$ $55,000\backslash ),$ In addieion, there was a $\backslash (\backslash$$ $15,000\backslash )$ loss $($oretax$)$ en the sale of a discentinued componitot of the businest. tomes of $\backslash (\backslash$$ $16,506(004)\backslash )$ were pald