EXERCISE $12\mathrm{.}4$ Discontinued Operations $$ LO$12-2,$ LO$12-3$

During the current year, Sports $+$ Inc., operated two business segments: a chain of surf and dive shops and a small chain of tennis shops. The tennis shops were not profitable and were sold near year$-$end to another corporation. Sports $+$ operations for the current year are summarized as follows. The first two captions, "Net sales" and "Costs and expenses," relate only to the company's continuing operations.

$\backslash$table$[[$Net sales,$$12,500,000$

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