Harley Ltd decided to sell its Distribution Division. After two years of losses and heavy competition, a plan to dispose of the division was put in place. At the end of 2023, the plan was finalized and approved by the board of directors. The sale is anticipated to be completed by June 30, 2024. Other information: 1. Harley's 2023 after-tax net income (excluding the results from the Distribution Division) was $450,000. 2. During the year, the division reported an after-tax loss of $120,000 (revenues: $30,000, expenses: $150,000). 3. Management estimates costs to sell will include after-tax legal and audit fees of $32,000 as well as severance payments of $66,000. A portion of these costs is expected to be offset by the after-tax proceeds of $61,000 from the sale of the division's assets. Instructions Assuming the Industrial Design Division qualifies for treatment as a discontinued operation, prepare a partial income statement for Harley for 2023. The statement should begin with income from continuing operations. Harley's tax rate is 25%