On December $31,2021,$ the company's fiscal year$-$end, the book value of the assets of the horse division was $$262000.$ On that date. the fair value of the assets, less costs to sell, was $$220,000.$ The before$-$tax loss from operations of the division for the year was $$160\mathrm{.}000.$ The company's effective tax rate is $25\%.$ The after$-$tax income from continuing operations for $2021$ was $$420\mathrm{.}000.$

Required:

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 fair value of the horse division's assets was $$440,000,$ instead of $$220,000.$ Ignore EPS disclosures.

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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 $$440,000,$ instead of $$220,000.$ Ignore EPS disclosures. $($Amounts to be deducted should be indicated with a minus sign.$)$