An income statement shows income before income taxes and

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An income statement shows "income before income taxes and extraordinary items" in the amount of $2,740,000. The income taxes payable for the year are $1,440,000, including $480,000 that is applicable to an extraordinary gain. Thus, the "income before extraordinary items" is Answer $900,000. $1,780,000. $820,000. $1,860,000.

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