In 2011,Bebe's Baby Boutique shut down its store in Paris.Operating losses for the year were $114,000,after a tax savings of $28,000.The store's furnishings and equipment were sold at a loss of $175,000,which was partially offset by a tax savings of $25,000.
Required: Show how these amounts would be reported on Bebe's income statement for the year ended December 31,2011.

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The Answer of In 2011,Bebe's Baby Boutique shut down its store in Paris.Operating losses for the year were $114,000,after a tax savings of $28,000.The store's furnishings and equipment were sold at a loss of $175,000,which was partially offset by a tax savings of $25,000.
Required: Show how these amounts would be reported on Bebe's income statement for the year ended December 31,2011.

In 2011,Bebe's Baby Boutique Shut Down Its Store in Paris