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Finley Corporation had income from continuing operations of $10,600,000 in 2014.

Brief Exercise   4-4
Finley Corporation had income from continuing operations of $10,600,000 in 2014. During 2014, it disposed of its restaurant division at an after-tax loss of $189,000. Prior to disposal, the division operated at a loss of $315,000 (net of tax) in 2014. Finley had 10,000,000 shares of common stock outstanding during 2014. Prepare a partial income statement for Finley beginning with income from continuing operations. 

TUTORIAL PREVIEW
FINLEY CORPORATION
Income Statement (Partial)
2014

Income from continuing operations

$10,600,000


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