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 $ 113,000 38,789 (50,000) Canton is subject to a 25% tax rate. 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.) CANTON CORPORATION Partial Income Statement For the Year Ended December 312021 Income from continuing operations Discontinued operations Loss on discontinued operations Net income (loss)