Billy's Book Corporation has operating income of $$1\mathrm{.}2$ million, a loss on sale of investments of $$150,000,$ and income tax expense of $$300,000$ for the year ended December $31,2024,$ before considering the following item: a $$225,000$ gain, after tax, from the disposal of an operating segment.

$10$

points

Required:

Prepare the $2024$ multiple step income statement for Billy's Book Corporation beginning with operating income. $($Enter your answer in dollars, not millions. $($i$.$e$.,$ $$5\mathrm{.}5$ million should be entered as $5,500,000).)$