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 Canton is subject to a 25% tax rate. Required: $ 104,000 22,600 (44,000) Prepare the December 31, 2024, income statement for Canton Corporation, starting with income from continuing operations befor income taxes. Note: Amounts to be deducted should be indicated with a minus sign. CANTON CORPORATION Partial come Statement For the Year Ended December 31, 2024 Income from continuing operations before income taxes Income from continuing operations Discontinued operations: Prev 14 of 17 Next >