During the current year, Newtech Corporation sold a segment of its business at a loss of $$225,000.$ Until it was sold, the segment had a current period operating loss of $$200,000.$ The company had $$750,000$ from continuing operations for the current year.

Prepare the lower part of the income statement, beginning with the $$750,000$ income from continuing operations. Follow tax allocation procedures, assuming that all changes in income are subject to a $40\%$ income tax rate. Disregard earnings per share disclosures.

$\backslash$table$[[\backslash$table$[[$Newtech Corporation$],[$Partial Income Statement$],[$Current Year$]]],[$Income from continuing operations,,$$,750,000],[$Discontinued operations$],[$Loss from operations of discontinued segment $($net of tax$),$$$,200,000,,],[$Loss on disposal of discontinued segment $($net of tax$),0,,0],[$Net income,,$$,0]]$