The J aha Corporation operates 6 business segments. The board of directors of the corporation made the decision to formally dispose of one of these segments on October 1, 20x4. The segment was put up for sale on this date and negotiations with potential buyers are still ongoing as at December 31, 20x4. The income statement of Jaha for the year ended December 31, 20x4 is as follows. Note that the nancial results include the results of the segment that is held for sale. Revenues $12,560,000 Cost of goods sold (6,000,000) Operating expenses (2,500,000) Depreciation (1,2 00,00 0) Income tax expense (1,001,000! Net income $1,859,000 The operating results of the segment held for sale are as follows: Revenues $ 2,450,000 Cost of goods sold (1,100,000) Operating expenses (600,000) Depreciation* (3 00,00 0) Operating income '3 450,000 * Depreciation was incurred evenlyr throughout the whole year. Data on the assets of the segment are as follows: Carrying value $3,200,000 Fair value 2,500,000 Costs to sell 10% of fair value Required Assuming that J aha is a publicly accountable entity, reconstruct the income statement of the company for the year ended December 31, 20x4. The film's tax rate is 35%