14 8 or:09:05 Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31,2024 : Income from continuing operations before incone taxes Gain on disposal of discontinued component loss from operations of discontinued component {:[$113","090],[30","790],[(53","969)]:} Canton is subject to a 25% tax rate. Required: Prepare the December 31, 2024, income statement for Canton Corporation, starting with income from continuing operations before income taxes. Note: Amounts to be deducted should be indicated with a minus sign. CANTON CORPORATION Partial Income Statement For the Year Ended December 31, 2024 Income from continuing operations before income taxes $ 113,000 Income tax expense 28,250 7 Income from continuing o