During December 2013, Smythe Company decides to sell Division F (a component of the company). On December 31, 2013, the company classifies Division F as held for sale. On that date, the book values of Division F's assets and liabilities are $950,000 and $600,000, respectively. Smythe expects to sell Division F in 2014 and estimates that the fair value of Division F is $250,000. During 2013, Division F earned revenues of $1,000,000 and incurred expenses of $1,300,000. Smythe is subject to a 30% income tax rate.

Required:

Prepare the results from discontinued operations section of Smythe's income statement for 2013. Show supporting calculations