Help Save & Exit Submit Check my work 2 Esquire Comic Book Company had income before tax of $1,750,000 in 2021 before considering the following material items: 5 points 1. Esquire sold one of its operating divisions, which qualified as a separate component according to generally accepted accounting principles. The before-tax loss on disposa was $415,000. The division generated before-tax Income from operation from the beginning of the year through disposal of $650.000, 2. The company incurred restructuring costs of $80,000 during the year. eBook Hing Ask Prins Required: Prepare a 2021 income statement for Esquire beginning with income from continuing operations. Assume an income tax rate of 25%. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.) References E SQUIRE COMIC BOOK COMPA Partial Income Statement For the Year Ended December 31, Income from continuing operations Discontinued operators income from operations of a continued component Income tax expense Income (ossono sconto ed operasons Net noome Oss