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Barb's Bait Corporation has operating income of $1,3 million, a loss on sale of investments of $160,000, and income tax expense of $325,000 for the
Barb's Bait Corporation has operating income of $1,3 million, a loss on sale of investments of $160,000, and income tax expense of $325,000 for the year ended December 31,2024 , before considering the following item: a $235,000 gain, after tax, from the disposal of an operating segment. Required: Prepare the 2024 multiple step income statement for Barb's Bait Corporation beginning with operating income. (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).)
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