During the current year, David Corporation sold a segment of its business at a gain of \($210,000.\) Until it was sold, the segment had a current period operating loss of \($75,000.\) The company had \($700,000\) income from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the \($700,000\) income from continuing operations. Follow tax allocation procedures, assuming that all changes in income are subject to a 20% income tax rate. Disregard earnings per share disclosures.