The following condensed income statements of the Jackson Holding Company are presented for the two years ended December 31, 2013 and 2012:

	2013			2012
Sales	$	15,600,000		$	10,200,000
Cost of goods sold		9,500,000			6,300,000
Gross profit		6,100,000			3,900,000
Operating expenses		3,440,000			2,840,000
Operating income		2,660,000			1,060,000
Gain on sale of division		660,000
		3,320,000			1,060,000
Income tax expense		996,000			318,000
Net income	$	2,324,000		$	742,000

On October 15, 2013, Jackson entered into a tentative agreement to sell the assets of one of its divisions. The division qualifies as a component of an entity as defined by GAAP. The division was sold on December 31, 2013, for $5,180,000. Book value of the divisions assets was $4,520,000. The divisions contribution to Jacksons operating income before-tax for each year was as follows:

2013	$430,000		loss
2012	$330,000		loss

Assume an income tax rate of 30%.

Required:
1.	Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.)