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 $620,000. The book value of the division's assets was $1,050,000, resulting in a before-tax loss of $430,000 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 $570,000 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.) CHANCE COMPANY Partial Income Statement For the Year Ended December 31, 2021 Income from continuing operations Discontinued operations: Loss from operations of discontinued component Income tax benefit $ 570,000 $ 570,000 Income (loss) on discontinued operations Net income (loss) Earnings per share: Income from continuing operations Loss from discontinued operations Net income $ 5.70 EA 5.70 The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020 (s in thousands) 2021 2020 $ 6,200 324 $ 5,200 144 Income statement information Net sales Net income Balance sheet information Current assets Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities Common stock Retained earnings Liabilities and shareholders' equity $ 900 2,000 $ 2,900 $ 1,100 850 700 250 $ 2,990 $ 850 1,650 $ 2,500 $ 750 850 780 2ee $ 2,500 Required: 1. Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.) 2. Determine the amount of dividends paid to shareholders during 2021. (Enter your answers in whole dollars, not in thousands. For example, $150,000 rather than 150.) 1a. Profit margin on sales 1b. Return on assets 1c. Return on equity 2. Dividends paid 5.2% 12.01% 35.0 %