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Shaquille Corporation has operating income of $0.7 million, a loss on write-down of inventory of $100,000, and income tax expense of $175,000 for the year

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Shaquille Corporation has operating income of $0.7 million, a loss on write-down of inventory of $100,000, and income tax expense of $175,000 for the year ended December 31, 2021, before consideringthe following item: a $175,000 gain, after tax, from the disposal of an operating segment. Required: Prepare the 2021 multiple step income statement for Shaquille Corporation beginning with operating income. (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).) SHAQUILLE CORPORATION Income Statement For the Year Ended December 31, 2021 Discontinued operation

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