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On June 30, Crane Corporation discontinued its operations in Mexico. During the year, the operating...

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Accounting

On June 30, Crane Corporation discontinued its operations in Mexico. During the year, the operating income was $244,000 before taxes. On September 1, Crane disposed of the Mexico facility at a pretax loss of $780,000. The applicable tax rate is 25%. Show the discontinued operations section of Crane's income statement. (Enter loss using either a negative sign preceding the number e.g -2,945 or parentheses eg. (2,945).) CRANE CORPORATION Partial Income Statement

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