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

Loss from operations of discontinued component

$$120,000$

$37,000$

$(60,000)$

Canton is subject to a $25\%$ tax rate.

Required:

Prepare the December $31,2024,$ income statement for Canton Corporation, starting with income from continuing operati income taxes.

Note: Amounts to be deducted should be indicated with a minus sign.

$\backslash$table$[[$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:,,$],[,,]]$