27% D Sun Feb 259:59 PM NYPECOVERS Printh Lexus Desktop insanity Care Credit BryteWe In ath Care, 3e W World Series Of Poker omework Help Save &Exit Check mm Selected information about income statement accounts for the Reed Company is December 31 presented below tthe company's fiscal year ends on 5,250,000 $4,350,000 .030. 000 2,170.000 Cest of goods sold Mainiatrative expenses 530,000 42,000 167,000 157,000 234,00 234,000 Loas on sale of assets of discontinued component 118,000 e plan to discontinue a division that qualifies as a component of an entity as defined by GAAP component were sold on September 30, 2018, for $118.000 less than their book value Results of operations for the On July 1, 2018, the company adopted a a division that component (included in the above account balances) were as follows 1/1/18-/30/18 2017 5 670,000 (422,000 Cost of goods sold 1375,000 (57,000) Selling expenses Operating income before taxes 9.000 144,000 In addition to the account balances above, several events occurred during 2018 that have not yet been reflected in the above