On May 1, 2014, Bradley Corporation decided to sell one of its components that qualified as a discontinued operation. This component had an operating loss of $75,000 during 2014. At December 31, 2014, Bradley's year-end, it estimated the Component's fair value to be $500,000 and its net book value to be $480,000. Bradley also estimated the disposal costs would be $70,000.

The sale of the component was completed on March 1, 2015 for cash proceeds of $440,000. The component had an operating loss of $21,000 during the first two months of 2015. Assume that all the amounts are pre-tax and that Bradleys tax rate for all years was 35%

a. Determine the Results of Discontinued Operations (net of tax)* as of December 31, 2015:

b. For 2016, determine the following:

Discontinued Operations (Note 17):

Income/Loss from Operations of Discontinued Operations (net of tax) $

Gain/Loss on Disposal of Discontinued Operations (net of tax) $

Results of Discontinued Operations (net of tax) $