EyeBeam Corporation reports the following pretax accounting (and taxable) income items during 2019:

Income from continuing operations	$90,000*
Loss from operations of a discontinued division	(10,000)
Gain from the disposal of the discontinued division	25,000

*Of this amount, revenues are $320,000 and expenses are $230,000.

Required:

1.	Prepare the journal entry necessary to record the 2019 intraperiod income tax allocation in regard to the preceding information. Assume a tax rate of 15% on the first $40,000 of income and a rate of 30% on income in excess of $40,000.
2.	Prepare EyeBeams 2019 income statement.