Question: Your answer is partially correct. On June 30, Bramble Corporation discontinued its operations in Mexico. During the year, the operating income was $392,000 before taxes.

Your answer is partially correct. On June 30, Bramble Corporation discontinued its operations in Mexico. During the year, the operating income was $392,000 before taxes. On September 1, Bramble disposed of the Mexico facility at a pretax loss of $792,000. The applicable tax rate is 25%. Show the discontinued operations section of Bramble's income statement. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Discontinued operations: Income from operations of Mexican facility Loss on disposal of Mexican facility BRAMBLE CORPORATION Partial Income Statement 294,000

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