Wilcox Corporation had income from continuing operations of $741,280 (after taxes) in 2017. In addition, the following information, which has not been considered, is as follows. 1. A machine was sold for $140,100 cash during the year at a time when its book value was $113,520. (Depreciation has been properly recorded.) The company often sells machinery of this type. 2. Wilcox decided to discontinue its stereo division in 2017. During the current year, the loss on the disposal of this component of the business was $186,340 less applicable taxes. Present in good form the income statement of Wilcox Corporation for 2017 starting with "income from continuing operations." Assume that Wilcox's tax rate is 30% and 200,000 shares of common stock were outstanding during the year Corporation Partial Income Statement December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017 Income from continuing operationsLoss on disposalIncome before extraordinary itemExtraordinary loss, net of taxDiscontinued operationsExtraordinary lossNet income / (Loss)Per Share of Common StockDiscontinued operations, net of tax $ Income before extraordinary itemLoss on disposalExtraordinary lossPer Share of Common StockNet income / (Loss)Discontinued operations, net of taxExtraordinary loss, net of taxIncome from continuing operationsDiscontinued operations Extraordinary loss Net income / (Loss) Loss on disposal Income before extraordinary item Per Share of Common Stock Discontinued operations, net of tax Income from continuing operations Discontinued operations Extraordinary loss, net of tax Per Share of Common Stock Income from continuing operations Discontinued operations Loss on disposal Income before extraordinary item Extraordinary loss Net income / (Loss) Discontinued operations, net of tax Extraordinary loss, net of tax Income before extraordinary itemPer Share of Common StockIncome from continuing operationsDiscontinued operationsLoss on disposalExtraordinary lossExtraordinary loss, net of taxNet income / (Loss)Discontinued operations, net of tax : Discontinued operations, net of taxIncome before extraordinary itemExtraordinary loss, net of taxExtraordinary lossDiscontinued operationsPer Share of Common StockNet income / (Loss)Income from continuing operationsLoss on disposal $ Loss on disposal Income from continuing operations Per Share of Common Stock Discontinued operations, net of tax Extraordinary loss, net of tax Net income / (Loss) Income before extraordinary item Discontinued operations Extraordinary loss Extraordinary loss, net of tax Net income / (Loss) Income from continuing operations Discontinued operations Loss on disposal Per Share of Common Stock Income before extraordinary item Extraordinary loss Discontinued operations, net of tax $