Taylor Corporation sold Division M (a business component). It was determined that the pretax loss from the operations of Division M during the year totaled $50,000 and that a pretax gain of $150,000 was realized on the sale of the division. The tax rate is 32%. Required: Complete the appropriate section of the income statement related to this information. Taylor Corporation Partial Income Statement Results from discontinued operations: Loss from operations of discontinued Division M Gain on disposal of Division M