Shaquille Corporation has operating income of $1.7 million, a loss on sale of investments of $200,000, and income tax expense of $425,000 for the year ended December 31, 2024, before considering the following item: a $275,000 gain, after tax, from the disposal of an operating segment.

Required:
Prepare the 2024 multiple step income statement for Shaquille Corporation beginning with operating income.