Monty Inc. reported income from continuing operations of $88,000 and a loss from discontinued operations of $17,800 in 2020 , all before income taxes. All items are fully taxable and deductible for tax purposes. Prepare the bottom of the income statement for Monty Inc., beginning with income from continuing operations before income tax. Assume a tax rate of 25%. Monty Inc. (Partial) Income Statement For the Year Ended 2020