Pharoah Inc. reported income from continuing operations of $$90,400$ and a loss from discontinued operations

of $$17,400$ in $2023,$ all before income taxes. All items are fully taxable and deductible for tax purposes.

Prepare the bottom of the income statement for Pharoah, beginning with income from continuing operations

before income tax. Assume a tax rate of $25\%.$

PHAROAH INC.

$($Partial$)$ Income Statement