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first one with the questions

Play Cloth Company, a fetaller of children's clothing, decided to dispose of its European division. The company announced the plan to sell the division on 20 March 201. Once the announcement was made, management hired a professional services firm to assist with finding a buyer for the division. The firm would charge 450% commission on the sale of the division. - The European division had a carrying value of $51,420,000 and was listed for sale at a price of $49,240,000. The sale price was determined in reference to an independent fair value appraisal. - The division earned \$5,580,000 from 1 July 20019 March 201 and $1,160,000 between 20 March 20130 June 201 - On 30 June 201, an appraisal indicated that the fair value of the division was approximately $49,660,000 - Play Cloth had total eamings from continuing operations (after tax) of $131,600,000 for the year ended 30 June 201. - Play Cloth has a tax rate of 25% Required: 1. Determine whethr the European division qualifies as a discontinued operation. \begin{tabular}{|l|} \hline Yes \\ \hline No \\ \hline \end{tabular} 2. Colcutate the total gain (loss) on sale for the European division 3. Prepate a partial SCI for the year ended 30 June 201 using the information provided Required