On November 15, 20x1 Lima Co. sold a segment of its business for $2,750,000. The net book value of the segment at the time of its disposal was $2,900,000. Lima had pretax income from operations of $1,750,000 for 20x1 which included $360,000 recognized by the discontinued segment prior to its disposal. Assume Lima tax rate is 21%.

Required: Prepare a partial income statement for Lima Co. for 20x1, beginning with pretax income from continuing operations.