Chec Esquire Comic Book Company had income before tax of $1,900,000 in 2018 before considering the following material items: 1. Esquire sold one of its operating divisions, which qualified as a separate component according to generally accepted accounting principles. The before-tax loss on disposal was $440,000. The division generated before-tax income from operations from the beginning of the year through disposal of $680,000. Neither the loss on disposal nor the operating inco me is included in the $1,900,000 before-tax income the company generated from its other divisions. 2. The company incurred restructuring costs of $95,000 during the year Required: Prepare a 2018 income statement for Esquire beginning with income from continuing operations. Assume anncome tax ate lgnore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.) f40%