Information The Wagnor Company had 3 distint operating divisions, each of which qualifies as a separate component The sports equipment division had been unprofitable, and on June 1, 2018, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 3, 2018, at a price of $1,200,000. The sale resuted in a before-tax gain of $300,000. The division incurred before tax operating losses of $380,000 from the beginning of the year through December 3. The income tax rate is 40%. The Wagnors after-tax income from its contining operatings is $500,000 Required: Prepare an income statement for 2018 beginning with "income from continuing operations before tax." Include appropriate EPS disclosures assuming 200,000 shares of common stock were outstanding throughout the year. $ 500,000.00 Wagnor Company Partial Income Statement For the year ended 12/31/2018 Income from Cont. Ops before tax Income tax expense Income from cont ops (after tax) Discontinued ops Loss on Disc. Ops. (Inluding gain) Tax savings/benefit Net loss on Disc. Ops Net Income EPS: Continuing ops Discontined. Ops Net income