Macy's Pet Corporation has operating income of $1.25 million, a loss on sale of investments of $155,000, and income tax expense of $312,500 for the year ended December 31, 2024, before considering the following item: a $230,000 gain, after tax, from the disposal of an operating segment. Required: Prepare the 2024 multiple step income statement for Macy's Pet Corporation beginning with operating income. (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).) Operating income Income before tax MACY'S PET CORPORATION Income Statement For the Year Ended December 31, 2024 Discontinued operation: $ 1,250,000

Macy's Pet Corporation has operating income of $1.25 million, a loss on sale of investments of $155,000, and income tax expense of $312,500 for the year ended December 31,2024 , before considering the following item: a $230,000 gain, after tax, from the disposal of an operating segment. Required: Prepare the 2024 multiple step income statement for Macy's Pet Corporation beginning with operating income. (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).)