The Income Statement, Comprehensive Income, and the Statement of Cash Flows 207 CHAPTER 4 The following are partial income statement account balances taken from the December 31,2016, year-end trial home from balance of White and Sons, Inc.: restructuring costs, $300,000: interest revenue $40,000; before-tax loss on ontinuing discontinued operations, $400,000; and loss on sale of investments, s50.000. Income expense has been recorded. The income tax rate i 40%. Prepare the lower portion of the 2016 statement beginning uou 3, LO4-5 with S850,000 income from continuing operations before income appropriate disclosures. The company had 100,000 shares of common stock outstanding throughout the year. On December 31, 2016, the end of the fiscal year, California Microtech Corporation completed the sale of its lll inou for SI0million, The business segment qualifies as a component of the entity according