I have to prepare an income statement for school. I have a question I hope someone can help me with.
Info
income before taxes & before considering the following transactions is $1,200,000.
Transactions
1) factory damaged by earthquake recognized a loss of $800,000 before taxes.
2) sold a chain that qualified as a component of an entity, income was $160,000 and the loss of the chains assets was $300,000.
3) sold a factory for $1,200,000, at the time of sale the factory had a carrying value of $1,100,000, the factory was not considered a component of the entity.
4) two years previous company accountant omitted the annual adjustment for patent amortization expense of $120,000, error was discovered this year.

heres what I have so far.
income before taxes & Ex. events...............................................$1,200,000
Income tax expense (30%).......................................................... $360,000
income before Ex. events...........................................................$840,000
Discontiued operations
loss from operations ............................($140,000)
income tax benefit..................................$42,000
loss on discountiued operations.....................................................$98,000
Income before Extraordinary events...............................................$742,000
Loss from earthquake...............................................................$560,000
Net Income............................................................................$182,000

My question is where do I put number 3 and 4. And am I correct with what I've done so far?
Thanks for any help.