On November 30, 2013, Fleiner Company announced its plans to discontinue the operations of Division P (a component of the company) by selling the division. On December 31, 2013,

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. Fleiner estimates that the fair value of Division P on this date is $190,000. During 2013, Division P earned revenues of $920,000 and incurred expenses of $980,000. Fleiner is subject to a 30% income tax rate.

Required:

Prepare the results from discontinued operations section of Fleiner's income statement for 2013. Show supporting calculations