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Current Attempt in Progress The ledger of Ivanhoe Corporation at November 30,2024, contains the...

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Accounting

Current Attempt in Progress
The ledger of Ivanhoe Corporation at November 30,2024, contains the following summary data:
Your analysis reveals the following additional information:
The company has a 25% income tax rate
The communications devices division was discontinued on August 31. The profit from operations for the division up to that
day was $17,800 before incorne tax. The division was sold at a loss of $77,000 before income tax
There were 200,000 common and 5.000 preferred shares issued on December 1.2023, with no changes during the year.
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