Cullumber Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2026: Income from continuing operations before income taxes Gain on disposal of discontinued component Loss from operations of discontinued component $121,500 28,600 (62,200) Cullumber is subject to a 20% tax rate. Prepare the December 31, 2026, income statement for Cullumber Corporation, starting with income from continuing operations before income taxes.

Cullumber Corporation reported the following items in its adjusted trial balance for the year ended December 31,2026 : Cullumber is subject to a 20% tax rate. Prepare the December 31, 2026, income statement for Cullumber Corporation, starting with income from continuing operations before income taxes