Question: Only 1 hour left, please help. Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2021: Income
Only 1 hour left, please help.
Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2021: Income from continuing operations before income taxes Gain on disposal of discontinued conponert Loss fron operations of discontinued componente $ 114.000 31,6006 (54, 008) Canton is subject to a 25% tax rate, Required: Prepare the December 31, 2021, income statement for Canton Corporation, starting with income from continuing operations before income taxes. (Amounts to be deducted should be indicated with a minus sign.) CANTON CORPORATION Partial Income Statement For the Year Ended December 31, 2021 . re Income from continuing operations Discontinued operations Loss on discontinued operations Net Income (loss)
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