Student,Inc. operates a number of different business segments and had consolidated revenue of $800 million, operating expense of $500 million, and net other non-operating income of $25 million for the year ending Dec. 31,2013.On July 1,2013 Student enter into a tentative agreement to sell its Bookstore Division for $3 million. The Bookstore Division had revenue of $50 million and operating expense of $40 million for the period of Jan. 1,2013 to June 30,2013.

On September 30,2013 the Student board authorized the sale of the Sports Division which had 2013 revenue of $200 million, expenses of $250 million, and net other non-operating expense of $10 million. The Sports Division had not yet been sold at Dec.31,2013. Appraisers have estimated the fair market value of the Sports Division to be $4 million. In addition management estimates that the Sports Division will have operating income of $1 million from Jan.1,2014 through the date of disposal. On Dec.31, 2013. Student board of directors approved the sale of the Food Service Division but the sale will not take place until Feb.28,2014.

Food Service had 2013 revenue of $85 million, operating expenses of $75 million, and net other non-operating income of $5 million. Student management estimates that Food Service will be sold for approximately $2 million. In addition management estimates that Food Service will have operating losses of $1 million for the period of Jan.1,2014 through the date of disposition. Management also believes they will incur attorney fees of $20,000 and transaction tax of $10,000 on the disposition transaction. All of the division qualify as a components of the entity according to GAAP regarding discontinued operations. Student Inc. effective income tax rate is 40%. The following table provides detail of the assets and liabilities by division to be sold:

Required:

Determine all income statement line item amounts necessary to prepare Student Inc. income statement starting from "income from continuing operations before tax and extraordinary items" through "net income". Then prepare an income statement for Student, Inc. starting from "income from continuing operations before tax and extraordinary items" and going through "net income".