Kingbird Corporation had income from continuing operations of $10,723,900 in 2020. During 2020, it disposed of its restaurant division at an after-tax loss of $196,100. Prior to disposal, the division operated at a loss of $323,000 (net of tax) in 2020 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Kingbird had 10,000,000 shares of common stock outstanding during 2020.


Required:

Prepare a partial income statement for Kingbird beginning with income from continuing operations.