Prepare a partial income statement, beginning with income before income taxes using the following information for Kingbird Corporation for the fiscal year ended December 31, 2020: Sales $745,000 Discontinued operation loss 75,100 Operating expenses 177,000 Cost of goods sold 410,000 Loss on sale of land 25,000 Kingbird Corporation is subject to a 30% income tax rate. Kingbird Corporation is subject to a 30% income tax rate. KINGBIRD CORPORATION Partial Income Statement $ $