Fax Inc. earned $90,000 and $110,000 of profit from continuing operations after taxes in Years 2020 and 2021, respectively. The firm decided to sell one of its business segments on November 1, 2020. The expected disposal date is February 14, 2021. The segment's pre-tax loss of $20,000 (not included in income from continuing operations) from January 1 to October 31 in 2020. However, the segment eamed $30,000 pre-tax profit for the remainder of Year 1. On December 31, 2020, the fair value less cost to sales of the segment is $100,000 and the book value of net assets is $140,000. During year 2021, the segment earned $35,000 pre-tax profit up to the date of disposal in 2021. The segment was actually sold on February 14,2021 for $150,000. The financial year-end is on 31 December and the income tax rate is 40%. Required: For both years, prepare a partial statement of profit or loss beginning with profit from continuing operations (ignore depreciation)