On November 30, 2010, Feiner Company announced its plans to discontinue the operations of Division P (a component of the company) by selling the division. On December 31, 2010, Division P had not yet been sold and was classified as held for sale. On this date, Division P had assets with a book value of $920,000 and liabilities with a book value of $610,000. Feiner Company estimates that the fair value of Division P on this date is $190,000. During 2010, Division P earned revenues of $920,000 and incurred expenses of $980,000. Feiner Company is subject to a 30% income tax rate.

Required

Prepare the results from discontinued operations section of Feiner Company’s income statement for 2010. Show supporting calculations.