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Discontinued operations Extraordinary loss Loss on disposal Wilcox Corporation had income from continuing operations of 900,000 (after taxes) in 2022. In addition, the following information has not been considered. 1. A machine was sold for 140,000 cash during the year at a time when its book value was 110,000. (Depreciation has been properly recorded.) The company often sells machinery of this type. 2. Wilcox decided to discontinue its stereo division in 2022. During the current year, the loss on the disposal of this component of the business was 170,000 less applicable taxes. Present in good form the income statement of Wilcox Corporation for 2022 starting with "income from continuing operations." Assume that Wilcox's tax rate is 30% and 200,000 ordinary shares were outstanding during the year. (Round per share values to 2 decimal places, e.g. $1.48.). (Enter negative amounts using either a negative sign preceding the number e.g. -45,000 or parentheses e.g. (45,000).) Wilcox Corporation Pa Income Statement For the Year Ended December 31, 2022 V Income from continuing operations 900,000