Chuba Hubbard Corporation reported the following in the adjusted trial balance for the year ended December 31, 2021: Income from continuing operations before income taxes Gain on disposal of discontinued component Loss from operations of discontinued component $115,000 32,500 (55,000) 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 before income taxes $ 115,000 $ 115.000 Income from corvinuing operations Discontinued operations 0 Loss on discontinued operations Net income ow)