nnect. meducation.com/flow/connect.html Help Save & Exit Submit Check my work Esquire Comic Book Company had income before tax of $2,000,000 in 2021 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 $440,000. The division generated before-tax income from operations from the beginning of the year through disposal of $700,000 2. The company incurred restructuring costs of $65,000 during the year Required: Prepare a 2021 income statement for Esquire beginning with income from continuing operations. Assume an income tax rate of 25% Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.) ESQUIRE COMIC BOOK COMPANY Partial Income Statement For the Year Ended December 31, 2021 Income from continuing operations Discontinued operations: Net income (loss) of nude 11:54 PM 9/11/2019 Search