Question: Current Attempt in Progress Kingbird Corporation had income from continuing operations of $10,723,900 in 2020. During 2020, it disposed of its restaurant division at an

 Current Attempt in Progress Kingbird Corporation had income from continuing operations
of $10,723,900 in 2020. During 2020, it disposed of its restaurant division

Current Attempt in Progress Kingbird Corporation had income from continuing operations of $10,723,900 in 2020. During 2020, it disposed of its restaurant division at an after-tax loss of $196,100. Prior to disposal, the division operated at a loss of $323,000 (net of Lax) in 2020 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Kingbird had 10,000,000 shares of common stock outstanding during 2020. Prepare a partial income statement for Kingbird beginning with income from continuing operations. (Round earnings per share to 2 decimal places, s. 148.) KINGBIRD CORPORATION Income Statement (Partial) $ Question 10 of 15 -/1 $ $

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