help please

LaCroix, Inc. has two divisions: beverage division and non-beverage division. On June 30, 2021, LaCroix, Inc. entered into an agreement to sell the assets of its non-beverage division. This sale represents a strategic shift that will have a major effect on the company's operations and financial results. LaCroix did not complete the sale before December 31, 2021. LaCroix's tax rate is 20%. The following information is provided for 2021. LaCroix, Inc. reported the net income of $720,000 The beverage division reported the pre-tax operating income of $1,200,000 The non-beverage division reported the pre-tax operating loss of $200,000 Fair value (less costs to sell) of non-beverage division's assets at 12/31/2021 is $500,000 What is book value of non-beverage division's assets on December 31, 2021 (the year-end)? . . $220,000 $400,000 None of other answer choices is correct 5600,000 December 15, 2019, Eugene Corporation sold merchandise at a price of $8,000 (term, 2/10; n/30). The customer makes a payment on December 15th, 2019 for sales originally billed at $5,500. Suppose the firm has two options (the net method and the gross method) to account for this transaction What is the impact on net income of 2019? Net income is the same between the net method and the gross method Net income is higher under the net method than the gross method None of other answer choices is correct Net income is lower under the net method than the gross method