Question: can someone please answer this question Esquire Comic Book Company had income before tax of $1,150,000 in 2024 before considering the following material items: 1.
Esquire Comic Book Company had income before tax of $1,150,000 in 2024 before considering the following material items: 1. Esquire sold one of its operating divisions, which qualified as a separate component according to generally accepted accounting principles. The before-tax loss on disposal was $355,000. The division generated before-tax income from operations from the beginning of the year through disposal of $530,000. 2. The company incurred restructuring costs of $70.000 during the yeat. Required: Prepare the income statement for Esquire beginning with income from continuing operations. Assume an income tax rate of 25%. ignore EPS disclosures. Note: Amounts to be deducted should be indicoted with a minus sign
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