45)Ezekiel Corporation gathered the following information for the fiscal year ended December 31, 2020:

Sales$1,300,000

Discontinued operations loss110,000

Selling and administrative expenses160,000

Cost of goods sold900,000

Loss on sale of equipment40,000

Nola Corporation is subject to a 30% income tax rate.

Instructions

Prepare a partial income statement, beginning with income before income taxes.