On June $30,2020$ Parent Co$.$ decided to discontinue operations in Sub Co$.$

Sub Co$.$s operating Income to June $30,2020$ was $ $7$ million.

Sub Co$.$ suffered an operating loss from July $1/20$ to June $30/21,$ of $$5$ million of which,

$$2$ million was July $1$ Dec $31/20.$

Sub Co$$s tax rate on all Income and Losses is $40\%.$

On Dec $31/20$ Sub Co$.$s net assets were expected to be disposed of at a net loss of $$29$ million by June $30/21.$

On June $30/21$ actual disposal was $$24\mathrm{.}2$ million $($Assume assets considered $$held for sale$)$

Sub Co was also expected to incur $$1$ million additional legal and site restoration costs in the disposal.

On June $30/21$ actual costs were $$800$ thousand.

Present the required F$/$S presentation, for $2020$ and $2021.$

Partial Income Statement Parent Co$.$ For the period ended Dec $31,2020$