On December $31,2024,$ the company's fiscal year$-$end, the book value of the assets of the horse division was $$438,000.$ On that

date, the fair value of the assets, less costs to sell, was $$380,000.$

The before$-$tax loss from operations of the division for the year was $$320,000.$

The after$-$tax income from continuing operations for $2024$ was $$580,000.$

The company's effective tax rate is $25\%.$

equired:

Prepare a partial income statement for $2024$ beginning with income from continuing operations. Ignore EPS disclosures.

Prepare a partial income statement for $2024$ beginning with income from continuing operations. Assume that the estimated net

fair value of the horse division's assets was $$760,000,$ instead of $$380,000.$ Ignore EPS disclosures.

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Required $1$

Prepare a partial income statement for $2024$ beginning with income from continuing operations. Ignore EPS disclosures.

Note: Amounts to be deducted should be indicated with a minus sign.