On November 15,2014,Jones Co.sold a segment of its business for $2,750,000.The net book value of the segment at the time of its disposal was $2,900,000.Jones had pretax operating income of $1,750,000 for 2014 which included $360,000 earned by the discontinued segment prior to its disposal.Assume Jones' tax rate is 30%.
Required:
Prepare a partial income statement for Jones Co.for 2014,beginning with pretax income from continuing operations.

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The Answer of On November 15,2014,Jones Co.sold a segment of its business for $2,750,000.The net book value of the segment at the time of its disposal was $2,900,000.Jones had pretax operating income of $1,750,000 for 2014 which included $360,000 earned by the discontinued segment prior to its disposal.Assume Jones' tax rate is 30%.
Required:
Prepare a partial income statement for Jones Co.for 2014,beginning with pretax income from continuing operations.