5 Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on September 1, 2018, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 15, 2018, at a price of $600,000. The book value of the division's assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale 0.5 points The division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through December 15 The income tax rate is 40%. Chance's after-tax income from its continuing operations is $350,000 eBook Required Prepare an income statement for 2018 beginning with income from continuing operations. Include appropriate EPS disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (Amounts to be deducted should be indicated Hint with a minus sign. Round EPS answers to 2 decimal places.) CHANCE COMPANY Partial Income Statement For the Year Ended December 31, 2018 Print Income from continuing operations Discontinued operations References Loss from operations of discontinued component Income tax benefit income Earnings per share ncome from continuing operations et income 0.00