If plant assets of a manufacturing company are sold at a gain of $$1740000$ with related income taxes of $$542000,$ and the gain is not

considered unusual, the income statement for the period would disclose these effects as

a prior period adjustment, net of applicable taxes, $$1198000.$

a gain of $$1740000$ and an increase in income tax expense of $$542000.$

a gain from discontinued operations, net of applicable taxes, $$1198000.$

operating income, net of applicable taxes, $$1198000.$