Question 1 Not complete Marked out of 2.00 Income Statement Sections Flag question During the current year, Dale Corporation sold a segment of its business at a gain of $262,500. Until it was sold, the segment had a current period operating loss of $93,750. The company had $1,062,500 from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the $1,062,500 income from continuing operations. Follow tax allocation procedures, assuming that all changes in income are subject to a 20% income tax rate. Disregard earnings per share disclosures. (Round all calculations to nearest dollar amount.) Dale Corporation Partial Income Statement Income from continuing operations Discontinued operations Current Year Loss from operations of discontinued segment (net of tax) $ Gain on disposal of discontinued segment (net of tax) Net income $ $ $ Check 45 A