Baggow Styles provided the following partial trial balance for the current year. Beginning with the line item Income from Operations, prepare a statement of net income for the year ended December 31. Baggow is subject to a 40% income tax rate.
Baggow Styles
Partial Trial Balance (Selected Accounts)
For the Year Ended December 31
Accounts Debit Credit
Income from Operations $567,000
Interest Income 12,870
Gain from Discontinued Operations 44,700
Gain on Sale of Land 19,560
Unrealized Gain on Available-for-Sale Debt Investments 41,920
Accumulated Depreciation on Assets from
Discontinued Operations 23,630
Loss on Pension Adjustment $29,510
Loss on Disposal of Discontinued Operations 13,440
Amortization of Intangible Asset 19,280
Unrealized Loss on Trading Investments 62,050

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The Answer of Baggow Styles provided the following partial trial balance for the current year. Beginning with the line item Income from Operations, prepare a statement of net income for the year ended December 31. Baggow is subject to a 40% income tax rate.
Baggow Styles
Partial Trial Balance (Selected Accounts)
For the Year Ended December 31
Accounts Debit Credit
Income from Operations $567,000
Interest Income 12,870
Gain from Discontinued Operations 44,700
Gain on Sale of Land 19,560
Unrealized Gain on Available-for-Sale Debt Investments 41,920
Accumulated Depreciation on Assets from
Discontinued Operations 23,630
Loss on Pension Adjustment $29,510
Loss on Disposal of Discontinued Operations 13,440
Amortization of Intangible Asset 19,280
Unrealized Loss on Trading Investments 62,050

Baggow Styles Provided the Following Partial Trial Balance for the Current