Your answer is partially correct. On June 30, Cheyenne Corp. discontinued its operations in Mexico. During the year, the operating income was $190,000 before taxes. On September 1, Cheyenne disposed of the Mexico facility at a pretax loss of $590,000. The applicable tax rate is 30%. Show the discontinued operations section of Cheyenne's income statement. CHEYENNE CORP. Partial Income Statement Discontinued Operations Net Income/(Loss) Retained Earnings 590000 (177000) 413000