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Esquire Comic Book Company had income before tax of $ 1 , 1 5 0 , 0 0 0 in 2 0 2 4 before

Esquire Comic Book Company had income before tax of $1,150,000 in 2024 before considering the following material items:
Esquire sold one of its operating divisions, which qualified aks a separate component according to generally accepted accounting principles. The before-tax loss on disposal was $355,000. The division generated before-tax income from operations from the beginning of the year through disposal of $530,000.
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.
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