I need help on this assignments. May someone considers this with the details for answers?

ACCT 3331 Intermediate Accounting Homework 2 1. During 2014, Comet Cares, Inc. decided to sell an unprofitable segment of its business. The sale of this segment qualifies as a discontinued operation for financial reporting purposes. However, at the end of 2014, Comet had yet to sell the segment. On December 31, 2014 the segment assets had a fair value minus anticipated costs to sell of $3,500,000 and a book value of $3,700,000. For the year, the segment reported an operating loss of $500,000. In January of 2015, Comet Cares sold the segment for $3,600,000. Operating losses in the first month of 2015 amounted to $45,000. Assume a 40% tax rate in both 2014 and 2015. a) What is the after-tax dollar value impact of the discontinued operation on 2014 Net Income (use ( ) for a decrease)? $_________________________________ b) What is the after-tax dollar value impact of the discontinued operation on 2015 Net Income (use ( ) for a decrease)? $__________________________________ 2. ABC Company uses cash-basis accounting for its records. During 2015, ABC collected $400,000 from its customers, made payments of $300,000 to its suppliers for inventory (e.g., \"Purchases\" account), and paid $140,000 for operating costs. ABC wants to prepare accrual-basis financial statements. In gathering information for the accrual-basis financial statements, ABC discovered the following: Customers owed ABC $45,000 at the beginning of 2015 and $55,000 at the end of 2015. ABC owed suppliers $20,000 at the beginning of 2015 and $28,000 at the end of 2015. ABC's beginning inventory was $40,000 and its ending inventory was $44,000. What should ABC's Gross Profit be on the accrual basis? $______________________________ 3. The accountant at Wade Corporation has compiled the following pretax information pertaining to the 2015 fiscal year. All pertinent information needed to create the 2015 consolidated income statement and balance sheet are included below: Net Sales = $254,000 Total assets = $143,100 Gross Profit = $113,000 Operating Loss from Discontinued Component held-for-sale = $18,000 Restructuring charges/loss = $10,200 Common stock = $20,000 Dividends = $8,000 Total operating expenses = $48,500 Total liabilities = $58,800 Beginning retained earnings = $45,000 Interest revenue = $5,700 Tax rate = 35% a) What amount would Wade Corporation present as its \"Income from Continuing Operations after tax\" for 2015? $________________________________ b) Assume that Wade Corporation owns 75% of the stock of ABC, Inc. and ABC had net income during the year of $8,400. The revenue and expense figures for ABC are included in the consolidated information presented above. What amount would Wade Corporation show as \"Net income attributable to the stockholders of Wade Corporation\" in 2015? $_________________________________