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i need help with this problem please Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies: Both divisions are

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Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies: Both divisions are considered separate components as defined by generalily accepted accounting principles. The farm equipment component had been unprofitable, and on September 1, 2024, the company adopted a plan to sell the assets of the division. Consider the following: - The actual sole was completed on December 15, 2024, at a price of $790,000. The book value of the division's assets was $1,390,000, resultung in a before-tax loss of $600,000 on the sale. - The division incurred a before-tax operating loss from operations of $270,000 from the beginning of the year through December 15. - Chance's after-tax income from its continuing operotions is $740,000 - The income tax rate is 25%. Required: Prepare an income statement beginning with income from continuing operations, include oppropriate EPS disclosures assuming that 100.000 shares of common stock were outstanding throughout the year. Note: Amounts to be deducted should be indicated with o minus sign. Round Eps answers to 2 decimal pleces. Required: Prepare an income statement beginning with income from continuing operations. Include appropriate EPS disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. Note: Amounts to be deducted should be indicated with a minus sign. Round EPS answers to 2 decimal places

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