During the current year, Newtech Corporation sold a segment of its business at a loss of $405,000. Until it was sold, the segment had a current period operating loss of $360,000. The company had $1,350,000 from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the $1,350,000 income from continuing operations. Follow tax allocation procedures, assuming that all changes in income are subject to a 20% income tax rate. Disregard earnings per share disclosures. (Round all calculations to nearest dollar amount.)