Question 10 Deane Company has income from continuing operations of $520,000 for the year ended December 31, 2017. It also has the following items (before considering income taxes): (1) A gain of $80,000 on the discontinuance of a major segment. A correction of an error in last year's financial statement that resulted in a $60,000 overstatement of 2016 net (2) income. Assume all items are subject to income taxes at a 25% tax rate. Prepare an income statement, beginning with income from continuing operations. DEANE COMPANY Partial Income Statement For the Year Ended December 31, 2017 $ $ Indicate the statement presentation of any item not included in (a) above. $