Esquire Comic Book Company had income before tax of $$1,500,000$ 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 accounting principles. The before$-$tax loss on disposal was $$390,000.$ The division generated before$-$tax income from operations from the beginning of the year through disposal of $$600,000.$

The company incurred restructuring costs of $$55,000$ 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.

Answer is not complete.

$\backslash$table$[[$ESQUIRE COMIC BOOK COMPANY,,$],[$Partial Income Statement,,$],[$For the Year Ended December $31,2024,,],[$Income from continuing operations,,$],[$Discontinued operations:,$1,500,000,],[$Income from operations of discontinued component,$375,000,],[$Income tax expense,$1,125,000,],[,,],[$Income $($loss$)$ on discontinued operations,,$1,500,000$