Business, 02.09.2020 03:01, caseyheaton

Paxdot Labs provided the following partial trial balance for the current year. Beginning with the line item Operating Income, prepare a statement of net income for the year ended December 31. Paxdot is subject to a 40% income tax rate. Paxdot Labs Partial Trial Balance (Selected Accounts) For the Year Ended December 31Accounts Debit CreditOperating Income $233,000Dividend Income 24,680Gain on Sale of Discontinued Operations 37,010Unrealized Gain on Trading Investments 37,260Gain on Foreign Currency Translation 29,970Loss on Asset Impairment 23,030Loss from Discontinued Operations 15,420Unrealized Loss on Available-for-Sale Investments 18,340

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Paxdot Labs provided the following partial trial balance for the current year. Beginning with the li...