Exercise 12-13A Report discontinued operations and other expenses (LO12-5) Shaquille Corporation has operating income of $1.7 million, a loss on write-down of inventory of $200,000, and income tax expense of $425,000 for the year ended December 31, 2021, before considering the following item: a $275,000 gain, after tax, from the disposal of an operating segment. Required: Prepare the 2021 multiple step income statement for Shaquille Corporation beginning with operating income. (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).) SHAQUILLE CORPORATION Income Statement For the Year Ended December 31, 2021 Operating income Inventory write-down $ 1,700,000 (200,000) 1,500,000 (425,000) 1,075,000 Income tax expense Income from continuing operations Discontinued operation: Gain from disposal of operating segment, net of tax Net income