Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2024: Income from continuing operations before income taxes Gain on disposal of discontinued component Lose from operations of discontinued component Canton is subject to a 25% tax rate. Required: $ 107,000 25,300 (47,000) Prepare the December 31, 2024, income statement for Canton Corporation, starting with income from continuing operations before income taxes. Note: Amounts to be deducted should be indicated with a minus sign. CANTON CORPORATION Partial Income Statement For the Year Ended December 31, 2024 Income from continuing operations before income taxes + Income from continuing operations Discontinued operations: Loss on discontinued operations