Esquire Comic Book Company had income before tax of $$1,650,000$ in $2024$ before considering the following material items:

Esquire sold one of its operating divisions, which qualified as a separate component according to generally accepted accountin

principles. The before$-$tax loss on disposal was $$405,000.$ The division generated before$-$tax income from operations from the

beginning of the year through disposal of $$630,000.$

The company incurred restructuring costs of $$70,000$ during the year.

Required:

Prepare the income statement for Esquire beginning with income from continuing operations. Assume an income tax rate of $25\%.$

Ignore EPS disclosures.

Note: Amounts to be deducted should be indicated with a minus sign.