Tiger Company's accountant for the prepared comparative income statements for 2020 and 2019 as follows:

Comparative Income Statements For Years Ended December 31
	2020		2019
Sales	$ 3,500,000		$ 4,600,000
Cost of goods sold	(1,600,000)		(2,600,000)
Gross profit	$ 1,900,000		$ 2,000,000
Operating expenses	(1,300,000)		(1,500,000)
Operating income	$600,000		$500,000
Other items	(200,000)		100,000
Income before income taxes	$400,000		$600,000
Income tax expense (30%)	(120,000)		(180,000)
Net income	$280,000		$420,000

Tiger Companys auditor reviewed the accounting records and income statements and discovered the facts described in Items 1 and 2 below. All amounts incurred during 2019 and 2020 are included in the preceding statements.

1. Included in the category "Other Items" (along with other smaller miscellaneous items) were the following:
   1. A loss of $60,000 in 2019 that was considered to be unusual
   2. A $150,000 loss in 2020 from an unusually large write-down of inventory because of obsolescence
   3. A $250,000 gain in 2019 that was considered to be unusual
2. On July 1, 2020, Tiger has announced its intention to sell its backscratcher division. This division is considered a major component of the company. Operating results for this division are included in the company's overall operating results for 2020 and 2019, as shown previously, and are as follows:

	2020 (7/112/31)	2020 (1/16/30)	2019
Sales	$200,000	$400,000	$700,000
Cost of goods sold	300,000	320,000	290,000
Operating expenses	100,000	180,000	110,000

The division had not been sold by the end of 2020, so the company classified it as held for sale. The division consisted of the following items with book values and fair values on December 31, 2020:

Item	Book Value	Fair Value
Assets	$720,000	$620,000
Liabilities	450,000	510,000

Required:

Prepare corrected comparative statements of income for 2020 and 2019 for the Tiger Company. Ignore earnings per share.