In $2017,$ Sheffield Corporation discontinued its retail store operations to focus on its online opportunities. The elimination of these

retail operations is properly considered a discontinued operation. During the current year, its store operations lost $$710,000($net of

tax$)$ while its online operations reported a profit of $$3,420,000($net of tax$).$ Sheffield sold the store operations at the end of the year at

a loss of $$1,280,000($net of tax$).$ Prepare an income statement for $2017$ beginning with line item "Income from continuing operations."

SHEFFIELD CORPORATION

Partial Income Statement

For the Year Ended December $31,2017$

Income From Continuing Operations

Discontinued Operations

Loss From Operation of Discontinued Store Operations Net of Tax

Loss From Disposal of Store Operations Net of Tax