Crane Corporation reported the following pre-tax amounts for the year ended August 31, 2021: profit before income tax (on the company's continuing operations), $410,000; loss from discontinued operations, $109,000; and gain on disposal of assets of discontinued operations, $77,000. Crane is subject to a 20% income tax rate. Assume that the profit before income tax of $410,000 is from $640,000 of revenue and $230,000 of operating expenses. Prepare an income statement. CRANE CORPORATION Statement of Income Year Ended August 31, 2021 Revenues $ Operating Expenses Profit before Income Taxes Income Tax Expense Profit from Continuing Operations Discontinued Operations : Gain on Disposal of Assets $ Loss from Operations $