Wildcat Corporation reported the following items in its adjusted trial balance for the year ended...
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Wildcat Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2018: Income from continuing operations before income taxes Gain on disposal of discontinued component Loss from operations of discontinued component $100,000 19,000 (40,000) Wildcat Corporation is subject to a 30% tax rate. Required: Prepare the December 31, 2018, income statement for Wildcat Corporation, starting with income from continuing operations before income taxes. (Amounts to be deducted should be indicated with a minus sign.) WILDCAT CORPORATION Partial Income Statement For the Year Ended December 31, 2018 Discontinued operations
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