Confused on these two question need help!

The following condensed income statements of the Jackson Holding Company are presented for the two years ended December 31, 2018 and 2017:

		2018			2017
Sales	$	16,300,000		$	10,900,000
Cost of goods sold		9,850,000			6,650,000
Gross profit		6,450,000			4,250,000
Operating expenses		3,720,000			3,120,000
Operating income		2,730,000			1,130,000
Gain on sale of division		730,000
		3,460,000			1,130,000
Income tax expense		1,038,000			339,000
Net income	$	2,422,000		$	791,000

On October 15, 2018, Jackson entered into a tentative agreement to sell the assets of one of its divisions. The division qualifies as a component of an entity as defined by GAAP. The division was sold on December 31, 2018, for $5,390,000. Book value of the divisions assets was $4,660,000. The divisions contribution to Jacksons operating income before-tax for each year was as follows:

2018	$465,000
2017	$365,000

Assume an income tax rate of 30%. Required: (In each case, net any gain or loss on sale of division with annual income or loss from the division and show the tax effect on a separate line) 1. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures. 2. Assume that by December 31, 2018, the division had not yet been sold but was considered held for sale. The fair value of the divisions assets on December 31 was $5,390,000. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures. 3. Assume that by December 31, 2018, the division had not yet been sold but was considered held for sale. The fair value of the divisions assets on December 31 was $4,030,000. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures.

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2018 ($ in 000s): sales revenue, $16,900; cost of goods sold, $7,000; selling expenses, $1,380; general and administrative expenses, $880; interest revenue, $140; interest expense, $200. Income taxes have not yet been recorded. The companys income tax rate is 20% on all items of income or loss. These revenue and expense items appear in the companys income statement every year. The companys controller, however, has asked for your help in determining the appropriate treatment of the following nonrecurring transactions that also occurred during 2018 ($ in 000s). All transactions are material in amount.

Investments were sold during the year at a loss of $300. Schembri also had unrealized gains of $400 for the year on investments.

One of the companys factories was closed during the year. Restructuring costs incurred were $2,000.

During the year, Schembri completed the sale of one of its operating divisions that qualifies as a component of the entity according to GAAP. The division had incurred a loss from operations of $600 in 2018 prior to the sale, and its assets were sold at a gain of $1,560.

In 2018, the companys accountant discovered that depreciation expense in 2017 for the office building was understated by $280.

Negative foreign currency translation adjustment for the year totaled $320.

Required: 1. Prepare Schembris single, continuous multiple-step statement of comprehensive income for 2018, including earnings per share disclosures. One million shares of common stock were outstanding at the beginning of the year and an additional 400,000 shares were issued on July 1, 2018. 2. Prepare a separate statement of comprehensive income for 2018.