Question: In Chapter 13, Connect Homework #16 (i.e. Preparing theIncome Statement) I have an issue with the calculation of the 'Loss of assets from meteor strike'.

In Chapter 13, Connect Homework #16 (i.e. Preparing theIncome Statement) I have an issue with the calculation of the 'Loss of assets from meteor strike'.

First, I subtracted the #2 from #7 (i.e. answer is-215,000) to get the calculation of the of the loss of asset from meteor strike but to no avail. I got it wrong so I just plugged in the raw data fro the income statement and I still got it wrong.

In Chapter 13, Connect Homework #16 (i.e. Preparing theIncome Statement) I havean issue with the calculation of the 'Loss of assets from meteor

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