Elegant Homes Corporation provided the following statement of net income on December 31, 2018, before the disposal of a business segment. The income statement includes the results of operations of Elegant's mobile home division. The company made a commitment to dispose of the mobile home division on December 1, 2018.

The mobile home division accounts for 20% of sales, cost of goods sold, selling, and general and administrative expenses. Assume no gain or loss on remeasurement of the division.
Prepare the multiple-step income statement for 2018 only, assuming that Elegant sells the segment on December 31 at a $130 pretax loss. Round to the nearest dollar.

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Elegant Homes Corporation Income Statement For the Year Ended December 31, 2018 Sales $500 Cost of Goods Sold (120) Gross Profit $380 Selling Expenses (80) General and Administrative Expensas (65) (40) Other Revenues and Expenses Loss on Asset Impairment (38) Income Before Tax $157 Income Tax Expense (at 40%) (63) Net Income $ 94