Security-Rand Corporation determines executive incentive compensation at the end of its fiscal year. At the end of the first quarter, management estimated that the amount will be $300 million....

Security-Rand Corporation determines executive incentive compensation at the end of its fiscal year. At the end of the first quarter, management estimated that the amount will be $300 million. Depreciation expense for the year is expected to be $60 million. Also during the quarter, the company realized a gain of $23 million from selling two of its manufacturing plants.
Required:
What amounts for these items should be reported in the first quarter’s income statement?