Question: Use the following information to construct a partial income statement beginning with income from continuing operations $230,000 Income from continuing operations Loss during the year

 Use the following information to construct a partial income statement beginning

Use the following information to construct a partial income statement beginning with income from continuing operations $230,000 Income from continuing operations Loss during the year from operating discontinued operations Tax benefit of loss 60,000 9,500 Loss from sale of discontinued operations 128,500 31,000 Tax savings from loss on the sale Construct a partial income statement beginning with income from continuing operations: (Enter all the appropriate tax amounts. Use parentheses or a minus sign to enter losses.) Discontinued operations: Net income

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