Hello, professor, please help me, thank you very much.

In 2015, Laetner Industries decided to discontinue its Laminating Division, a separately identifiable component of Laetner's business. At December 31, Laetner's year-end, the division has not been completely sold. However, negotiations for the final and complete sale are progressing in a positive manner, and it is

probable that the disposal will be completed within a year. Analysis of the records for the year disclosed the following relative to the Laminating Division.

Operating loss for the year.......................................................................................................$89,900

Loss on disposal of some Laminating Division assets during 2015............................5,000

Expected operating loss in 2016 preceding final disposal............................................45,000

Expected gain in 2016 on disposal of division...............................................................20,000

Instructions:

Assuming a 35%tax rate, make the Discontinued Operations sectionof Laetner Industries' income statement for the year ending December 31, 2015.