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At December 31, 2022 Glest Glesty, a company located in the Bahamas had net income before discontinued operations and extraordinary item of $5,000,000. The tax rate is 40 %. Additional information is as follows:
a. During the year, Glest Glesty discontinued its Bottling Department and incurred additional income of $700, 000 .
b. A first time snow storm caused significant damage to Glest Glesty in the amount of $200, 000 .
What is the net income for Glest Glest company?

Sagot :

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