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TB Problem 4-149 (Algo) Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2021 02 Encome from

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TB Problem 4-149 (Algo) Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2021 02 Encome from continuing operation before income taxes Gainon tisposal of discontinued component Lose from operation of discontinued component $ 113,000 29,500 (52.000 Canton is subject to a 25% tax rate. Required Prepare the December 31, 2021, income statement for Canton Corporation starting with income from continuing operations before Income taxes (Amounts to be deducted should be indicated with a minus sign) CANTON CORPORATION Partial Income Statement For the Year Ended December 31, 2021 Income from continuing operations Discontinued operations

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