Business, 22.02.2021 19:00 Jadas960

Wildcat Corporation's adjusted trial balance for the year ended December 31, 2021 follows: Income from continuing operations before income taxes $ 105,000
Gain on disposal of discontinued component 23,500
Loss from operations of discontinued component (45,000 )
Wildcat Corporation is subject to a 25% effective tax rate.
Required: Prepare the December 31, 2021, 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.)

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Wildcat Corporation's adjusted trial balance for the year ended December 31, 2021 follows: Income f...