Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2021: Income from continuing operations before income taxes Gain on disposal of discontinued component Loss from operations of discontinued component $ 120,000 28,000 (60,000) 3.33 points Canton is subject to a 25% tax rate 8 00:58:22 Required: Prepare the December 31, 2021, income statement for Canton Corporation, starting with income from continuing operations before income taxes. (Amounts to be deducted should be indicated with a minus sign.) Skipped CANTON CORPORATION Partial Income Statement For the Year Ended December 31, 2021 Income from continuing operations Discontinued operations: Loss on discontinued operations Net income (loss)