hi I need help answering the following question

Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both disions 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 $720,000. The book value of the division's assets was $1,250,000, resulting in a before-tax loss of $530,000 on the sale. The division Incurred a before tax operating loss from operations of $140.000 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 $670,000. 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 Income (oss) on discontinued operations Net income (oss) Earnings per share Net income Kandon Enterprises, Inc. has two operating divisions; one manufactures machinery and the other breeds and sells horses. Both divisions are considered separate components as defined by generally accepted accounting principles. The horse division has been unprofitable, and, on November 15, 2021, Kandon adopted a formal plan to sell the division. The sale was completed on April 30, 2022 At December 31, 2021, the component was considered held for sale. On December 31, 2021, the company's fiscal year-end, the book value of the assets of the horse division was $328,000. On that date. the fair value of the assets, less costs to sell, was $280,000. The before-tax loss from operations of the division for the year was $220,000. The company's effective tax rate is 25%. The after-tax income from continuing operations for 2021 was $480,000. Required: 1. Prepare a partial Income statement for 2021 beginning with income from continuing operations. Ignore EPS disclosures 2. Prepare a partial income statement for 2021 beginning with income from continuing operations. Assume that the estimated net falr value of the horse division's assets was $560,000, Instead of $280,000. Ignore EPS disclosures. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a partial income statement for 2021 beginning with income from continuing operations, Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.) KANDON ENTERPRISES, INC Partial income Statement For the Year Ended December 31, 2021 Income from continuing operations Discontinued operations gain (loss) Net income (los) Required 2 >