Sullivan Inc. has a total book income, before tax, of $600,000. Included in total income was a net gain $50,000. The net gain includes operations till the sale date $80,000 and the loss on disposal $30,000 from discontinued operations. The current tax rate is 30%. Record in the space a partial income statement, in proper form, beginning with income from continuing operations before tax through net income. Use intraperiod tax allocation.