i kind of figured out the half but i still need help on understanding the loss of discontinued operations the most if you can explain that part briefly would be a great help of understanding my knowledge.

Shown below is an income statement for 2020 that was prepared by a poorly trained bookkeeper of Jensen Corporation. Jensen Corporation INCOME STATEMENT December 31, 2020 Sales revenue Investment revenue Cost of merchandise sold Selling expenses Administrative expense Interest expense Income before special items Special items Loss on disposal of a component of the business Major casualty loss (extraordinary item) Net federal income tax liability Net income $945,000 19,500 (408,500) (145,000) (215,000) (13,000) 183,000 (30,000) (70,000) 124,900) $58,100 Instructions Prepare a multiple-step income statement for 2020 for Jensen Corporation that is presented in accordance with generally accepted accounting principles (including format and terminology). Jensen Corporation has 50,000 shares of common stock outstanding and has a 30% federal income tax rate on all tax related items. Round all earnings per share figures to the nearest cent