Use the following information to construct a partial income statement beginning with income from continuing operations: Income

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Use the following information to construct a partial income statement beginning with income from continuing operations:

Income from continuing operations............ $ 230,000

Loss during the year from operating discontinued operations.. 60,000

Tax benefit of loss.................. 9,500

Loss from sale of discontinued operations ........ 128,500

Tax savings from loss on the sale ............ 31,000


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