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  3. barb's bait corporation has operating income of $1

Barb's Bait Corporation has operating income of $11 million, a loss on sale of investments...

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Accounting

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Barb's Bait Corporation has operating income of $11 million, a loss on sale of investments of $140,000, and income tax experise of $275,000 for the year ended December 31,2024 , before considering the folowing item: a $215,000 gain, after tax, from the disposal of an operating segment. Required: Prepare the 2024 multiple step income statement for Barb's Bait Corporation beginning with operating income (Enter your answer in dollors, not millions. (i.e., $5.5 million should be entered as 5,500,000).) Loss on sale of investments Income tax expense Income from continuing operations Gain from disposal of operating segment, net of tax

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