- Your answer is partially correct. On June 30, Novak Corp. discontinued its operations in Mexico. During the year, the operating income was $211,000 before taxes. On September 1, Novak disposed of the Mexico facility at a pretax loss of $692,000. The applicable tax rate is 27%. Show the Income from operations of Mexican Facility section of Novak's of income statement. Net Income / (Loss) Income from Operations of Mexican Facility Loss on Disposal of Mexico Facility NOVAK CORP. Partial Income Statement eTextbook and Media 211000 692000 LA 24160

On June 30, Novak Corp. discontinued its operations in Mexico. During the year, the operating income was $211,000 before taxes, On September 1, Nowak disposed of the Mexico facility at a pretax loss of $692,000. The applicable tax rate is 27%. Show the fricome from operations of Mexican Facility section of Novak's of income statement