Question: ork Question 1, E5-8 (book/static) Elegant Homes Corporation provided the following statement of net income on December 31, 2018, before the disposal of a

ork Question 1, E5-8 (book/static) Elegant Homes Corporation provided the following statement of net income on December 31, 2018, before the disposal of a

ork Question 1, E5-8 (book/static) Elegant Homes Corporation provided the following statement of net income on December 31, 2018, before the disposal of a business segment. The income statement includes the results of operations of Elegant's mobile home division. The company made a commitment to dispose of the mobile home division on December 1, 2018 (Click the icon to view the December 31, 2018 statement of net income before the disposal of the mobile home division) am HW Score: 23.75%, 1.19 of 5 points Points: 0.19 of 1 Save The mobile home division accounts for 20% of sales, cost of goods sold, selling. and general and administrative expenses. Assume no gain or loss on remeasurement of the division Requirement Prepare the multiple-step income statement for 2018 only, assuming that Elegant sells the segment on December 31 at a $130 pretax loss Round to the nearest dollar (Use the condensed income statement format and assume the company is subject to a 40% income tax rate Round your answers to the nearest whole dollar Use parentheses or a minus sign to enter any loss amount.) Less Elegant Homes Corporation Statement of Net Income For the Year Ended December 31, 2018

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