Business Course # Return to course HW12 Navigation 3 4 5 6 Finish attempt ... Question 1 Not complete Marked out of 2.00 P Flag question Income Statement Sections During the current year. Dale Corporation sold a segment of its business at a gain of $105,000. Until it was sold, the segment had a current period operating loss of $37,500. The company had $425,000 from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the $425,000 income from continuing operations. Follow tax allocation procedures, assuming that all changes in Income are subject to a 35% income tax rate. Disregard earnings per share disclosures. (Round all calculations to nearest dollar amount.) 5 0 Dale Corporation Partial Income Statement Current Year Income from continuing operations Discontinued operations Loss from operations of discontinued segment (net of tax) 5 Gain on disposal of discontinued segment (net of tax) $ Net income 0 0 0 S 0 Check Save Answers