My answers are wrong. I need clarification.

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 disposal was $360,000. The division generated before-tax income from operations from the beginning of the year through disposal of $520,000. Neither the loss on disposal nor the operating income is included in the $1,100,000 before-tax income the company generated from its other divisions. 2. The company incurred restructuring costs of $65,000 during the year. Required Prepare a 2018 income statement for Esquire beginning with income from continuing operations. Assume an income tax rate of 40%. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.) ESQUIRE COMIC BOOK COMPANY Partial Income Statement For the Year Ended December 31, 2018 $621,000 Income from continuing operations Discontinued operations gain (loss): Income from operations of discontinued component Income tax expense 160,000 552,000 60,000 772,000 $ 642,000 Income on discontinued operations Net income