BE12.1 Fellups, Inc., had net income for the year just ended of $ 75,000, without considering the follow-ing item or its tax effects. During the year, a tornado damaged one of the companys warehouses and its contents. Tornado damage is quite rare in Fellupss location. The estimated amount of the loss from the tornado is $ 100,000 and the related tax effect is 40 percent. Prepare the final section of Fellupss income statement, beginning with income before extraordinary items