Question: Use the following information to construct a partial income statement beginning with income from continuing operations: Income from continuing operations...............$ 310,000 Loss during the year

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

Income from continuing operations...............$ 310,000

Loss during the year from operation of discontinued operations.... 75,000

Tax benefit of loss..................... 19,400

Loss from sale of discontinued operations........... 105,750

Tax savings from loss on the sale............... 32,000


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