Prepare an income statement using the following data for New Orleans Adventures for the year ended December 31: $$
\text {New Orleans Adventures}\
\text {Income Statement}\
\text {For the Year Ended December 31}\
\begin{array}{lr}
\text { Sales } & \$ 24,500,000 \
\text { Cost of goods sold } & 10,900,000 \
\text { Operating expenses } & 6,300,000 \
\text { Income tax expense } & 500,000 \
\text { Loss on discontinued operations } & 100,000
\end{array}$$

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The Answer of Prepare an income statement using the following data for New Orleans Adventures for the year ended December 31: $$
\text {New Orleans Adventures}\
\text {Income Statement}\
\text {For the Year Ended December 31}\
\begin{array}{lr}
\text { Sales } & \$ 24,500,000 \
\text { Cost of goods sold } & 10,900,000 \
\text { Operating expenses } & 6,300,000 \
\text { Income tax expense } & 500,000 \
\text { Loss on discontinued operations } & 100,000
\end{array}$$

Prepare an Income Statement Using the Following Data for New