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 $1,2021,$ the company adopted a plan to sell the assets of the division. The actual sale was completed

on December $15,2021,$ at a price of $$650,000.$ The book value of the division's assets was $$1,110,000,$ resulting in a before$-$tax loss of

$$460,000$ on the sale.

The division incurred a before$-$tax operating loss from operations of $$150,000$ from the beginning of the year through December $15.$

The income tax rate is $25\%.$ Chance's after$-$tax income from its continuing operations is $$600,000.$

Required:

Prepare an income statement for $2021$ 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

with a minus sign. Round EPS answers to $2$ decimal places.$)$