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Chuba Hubbard Corporation reported the following in the adjusted trial balance for the year ended December 31, 2021: Incone from continuing operations before income taxes

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Chuba Hubbard Corporation reported the following in the adjusted trial balance for the year ended December 31, 2021: Incone from continuing operations before income taxes Gain on disposal of discontinued component Loss from operations of discontinued component $113,000 30,700 (53,000) Chuba Hubbard Corp. is subject to a 25% tax rate. Required: Prepare the December 31, 2021, income statement for Chuba Hubbard Corporation, starting with income from continuing operations before income taxes Amounts to be deducted should be indicated with a minus sign. Chuba Hubbard Corporation Partial Income Statement For the Year Ended December 31, 2021 Income from continuing operations Discontinued operations: Loss on discontinued operations Net Income (los)

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