Oriole Ltd., a private company based in Vancouver, decided to sell its Industrial Design Division. After two years of losses and heavy competition, a plan to dispose of the division was put in place. At the end of 2023 , the plan was finalized and approved by the board of directors. The sale is anticipated to be completed by June 30, 2024. Other information: 1. Oriole's 2023 after-tax income (excluding the results from the Industrial Design Division) was $495,000. 2. During the year, the division reported an after-tax loss of $132,000 (revenues: $33,000, expenses: $165,000 ). 3. Management estimates that after-tax legal fees of $35,200 as well as after-tax severance payments of $72,600 will be required to finalize the disposal plan. A portion of these costs is expected to be offset by the after-tax proceeds of $67,100 from the sale of the division's assets. Assuming the Industrial Design Division qualifies for treatment as a discontinued operation, prepare a partial income statement for Oriole for 2023. The statement should begin with income from continuing operations