Required: Prepare a schedule of the income taxes on continuing operations to be used in the completion of the income statement in par WOODBINE CIRCLE CORPORATION Income Statement (Multi-Step) For the Year Ended December 31, 2019 Using the multiple-step format, prepare a formal income statement for Woodbine for the year ended December 31, 2019. Use the information from the schedules in parts 1 and 2 . Round earnings per share computations to two decimal places. Other financial data for the year ended December 31, 2019: Discontinued Operations On September 30, 2019, Woodbine sold its Auto Leasing (AL) Division for $4,000,000. The book value of this division was $4,250,000 at that date. For financial statement purposes, this sale was considered as a discontinued operation of a component of the company. Complex Income Statement The following items were derived from Woodbine Circle Corporation's adjusted trial balance on December 31, 2019