Obelow are before taxes and the amounts should ir yonding Dec. 31,2001, Reed Corp ind inconce pune continuing pecaliers kyou Halpes 07 * 1,280,000 bifone considering, I be considered material, 1 Nov. 2021, Reed sold its chicken resturant chain that qualified as a component of an enity. The company fad dcloped a plan to deve the chain in May 2021 the income Jan 1, 2021 through noo was $ 168,000 and the from operations legs on sale of the chains assets was 4314,000. do 2021, Red old one of its ow yoctories 1360,000. at the time of sale, the thad a book value of $ 1180000. The factory was not considered a component of the suitay! Bcn 2019, Reeds accountant omitted the annual od realmuesd fe patent amortization ey pense q 125,000. The emon was set discovered until Dec. 2021 Partial inconce stalement, with income from continuing speration before toves, for the year ended Dec. 31, 9021, Assume income tax rate of 25% dgnore EPS . for t factory Required Prepare Reed's begerisung