Utech Company has income before irregular items of $385,400 for the year ended December 31, 2014. It also has the following items (before considering income taxes): (1) an extraordinary fire loss of $67,600 and (2) a gain of $29,600 from the disposal of a division. Assume all items are subject to income taxes at a 22% tax rate. Prepare Utech Companys income statement for 2014, beginning with Income before irregular items.

UTECH COMPANY Partial Income Statement For the Year Ended December 31, 2014 Income before Irregular Items 385400 Extraordinary Itenm Fire Loss 52728 Discontinued Operations Gain from Disposal of Division 23088 Net Income/(Loss) 355760