Income Statement Sections During the current year, Dale Corporation sold a segment of its business at a gain of $367,500. Until it was sold, the segment had a current period operating loss of $131,250. The company had $1,487,500 from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the $1,487,500 income from continuing operations. Follow tax allocation procedures, assuming that all changes in income are subject to a 30% income tax rate. Disregard earnings per share disclosures. (Round all calculations to nearest dollar amount.)