Corbeil Limited, a private company following ASPE, disposed of some assets during the fiscal year ended December 31, 2020. Based on the research done by the assistant controller, journal entries were made and the following first draft of the income statement was prepared. As controller, you have determined that the assets disposed of do not qualify for treatment as a discontinued operation. $1,440,000 Income from continuing operations before income tax Income tax expense 360,000 Income from continuing operations 1,080,000 Discontinued operation: Loss from disposal of discontinued division (net of $57,500 income tax recovery) 172,500 Net income $907,500 (a) Prepare the general journal entry, if any, that Corbeil should make at December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit (To correct for error in recording of disposal.)