During 2017, Whispering Company reported income of $1,486,000 before income taxes and realized a gain of $481,400 on the disposal of assets related to a discontinued operation. The criteria for classification as a discontinued operation is appropriate for this sale. The income is subject to income taxation at the rate of 34%. The gain on the sale of the plant is taxed at 30%. Indicate an appropriate presentation of these items in the income statement. WHISPERING COMPANY Partial Income Statement $ 1486400 505376 981024 $ 481400 : $