EcoPro Ltd. is a private company and has elected to follow ASPE. A statement of income for EcoPro Ltd. for the year ended December 31, 2021, follows. EcoPro Ltd. Statement of Income For the Year Ended December 31, 2021 Sales revenue $7,300,000 Cost of goods sold 3,700,000 Gross profit 3,600,000 Selling, general, and administrative expenses 2,300,000 Income before income tax 1,300,000 Income tax expense 390,000 Income before unusual item 910,000 Loss from tornado (net of taxes) 630,000 Net income 280,000 In late 2021, EcoPro Ltd discontinued its apparel fabric division. But the above statement did not report the discontinued division appropriately. The loss on the disposal of this discontinued division amounted to $790,000. This amount was included as part of selling, general, and administrative expenses in the statement. Before the disposal of this discontinued division, the division reported the following for 2020: sales revenue of $1.5 million; cost of goods sold of $750,000; and selling, general, and administrative expenses of $580,000. All of revenues and expenses from the discontinued division are included in the above statement. Required: Prepare, in good form and with proper disclosure, a revised statement of income for EcoPro Ltd. The company has a 30% income tax rate. (Please show your calculations)