Income Statement Sections

During the current year, Dale Corporation sold a segment of its business at a gain of $$546,000.$

Until it was sold, the segment had a current period operating loss of $$195,000.$ The company had

$$2,210,000$ from continuing operations for the current year.

Prepare the lower part of the income statement, beginning with the $$2,210,000$ income from

continuing operations. Follow tax allocation procedures, assuming that all changes in income

are subject to a $40\%$ income tax rate. Disregard earnings per share disclosures. $($Round all calculations to nearest dollar amount.$)$