Based upon the following information prepare the income statement of Al-Quds corporation for the year ended December 31, 2020: Income from continuing operations (before taxes) was $1,600,000. The corporation disposed of its sporting goods division during 2020. This disposal meets the criteria for discontinued operations. The division correctly calculated income from operating this division of $110,000 before taxes and a loss of $20,000 before taxes on the disposal of the division. All of these events occurred in 2020. The income taxes rate is 25%