1. On November 15, 2014, Jones Co. sold a segment of its business for $2,750,000. The net book value of the segment at the time of its disposal was $2,900,000. Jones had pretax operating income of $1,750,000 for 2014 which included $360,000 earned by the discontinued segment prior to its disposal. Assume Jones' tax rate is 30%.

Prepare a partial income statement for Jones Co. for 2014, beginning with pretax income from continuing operations.