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	$90,000
Gain on disposal of discontinued component	28,000
Loss from operations of discontinued component	(60,000 )

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 after income taxes. Include appropriate EPS disclosures assuming that 60,000 shares of common stock were outstanding throughout the year.