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  3. in 2025, sheridan corporation disposed of donna di

In 2025, Sheridan Corporation disposed of Donna Division, a major component of its business. Sheridan...

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Accounting

In 2025, Sheridan Corporation disposed of Donna Division, a major component of its business. Sheridan realized a loss of \(\$ 1487000\), net of taxes, on the sale of Donna's assets. Donna's operating income, net of taxes, was \(\$ 518000\) in 2025. How should these facts be reported in Sheridan's income statement for \(2025?\)

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