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Your answer is partially correct.

Crane Corporation had income from continuing operations of $$753,600($after taxes$)$ in $2025.$ In addition, the following information,

which has not been considered, is as follows.

A machine was sold for $$155,000$ cash during the year at a time when its book value was $$129,500.($Depreciation has been

properly recorded.$)$ The company often sells machinery of this type.

Crane decided to discontinue its stereo division in $2025.$ During the current year, the loss on the disposal of this component

of the business was $$182,520$ less applicable taxes.

Present in good form the income statement of Crane Corporation for $2025$ starting with "income from continuing operations." Assume

that Crane's tax rate is $20\%$ and $200,000$ shares of common stock were outstanding during the year. $($Round per share values to $2$ decimal

places, e$.$g$.$ $$1\mathrm{.}48.)$