Business, 04.10.2019 22:10 jay3676

On december 31, 2021, the end of the fiscal year, revolutionary industries completed the sale of its robotics business for $12.2 million. the robotics business segment qualifies as a component of the entity according to gaap. the book value of the assets of the segment was $8.6 million. the income from operations of the segment during 2021 was $5.6 million. pretax income from continuing operations for the year totaled $13.6 million. the income tax rate is 25%.
prepare the lower portion of the 2021 income statement beginning with pretax income from continuing operations. ignore eps disclosures.

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On december 31, 2021, the end of the fiscal year, revolutionary industries completed the sale of its...

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