Question: Please help. Situation: The controller has requested that you make a correct version of the income statement. The income statement on page 2 was automatically

Please help.

Situation: The controller has requested that you make a correct version of the income statement. The income statement on page 2 was automatically generated by the company's SAP accounting system. The problem is that the "system" did not properly account for the "Discontinued Operations," which of course is the Powerhead Division.

1.Make the income statement correctly breaking out the impact of discontinued operations. Note: A 35% tax rate is applied to both continuing and discontinued income.

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