need help with the following

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 $306,000. On that date, the fair value of the assets, less costs to sell was $260,000. The before-tax loss from operations of the division for the year was $200,000. The company's effective tax rate is 25%. The after tax income from continuing operations for 2021 was 5466.000. 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 for value of the horse division's assets was $520,000, instead of $260.000, 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. Assume that the estimated net for value of the horse division's assets was $520,000, instead of $260,000. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign) KANDON ENTERPRUSES, INC Partial income Statement For the Year Ended December 31, 2021 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. Assume that the estimated net fair value of the horse division's assets was $520,000, instead of $260,000. 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 460,000 Discontinued operations gain (loss) Loss from operations of discontinued component Income tax benefit Gain on sale of assets income from discontinued operations 0 Net income (loss) 5