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Sandhill Ltd. has profit from continuing operations of $ 220,000 for the year ended December...

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Sandhill Ltd. has profit from continuing operations of $ 220,000 for the year ended December 31, 2021. It also has the following before considering income tax: a net gain of $ 70.000 from the discontinuance of a component of the entity, which includes a $ 106,000 profit from the operation of the segment and a $ 36,000 loss on its disposal. Assume that the income tax rate on all items is 30%. Prepare a partial income statement beginning with profit from continuing operations, using the all-inclusive format. SANDHILL LTD. Partial Statement of Income A $ > Save for Later Attempts: 0 of 1 used Submit

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