ting and Reporting! 302Action Film Gult Corporation reported the following items in its adjusted trial balance for the year ended December 11, 2021 Income from continuing operations before income taxes $ 113.000 Gain on disposal of the discontinued component Loss from operations of the discontinued component 30,700 153,000) Gulf Corporation is subject to a 25% tax rate. Required: Prepare the December 31, 2021, income statement for Gulf Corporation, starting with income from continuing operations before income tas. Matka)