Please help me Solve

On May $1,2015,$ 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 $2015.$ At December $31,2015,$ 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 $1,2016$ for cash proceeds of $$440,000.$ The component had

an operating loss of $$21,000$ during the first two months of $2016.$ Assume that all the amounts are pre$-$tax and

that Bradley's tax rate for both $2015$ and $2016$ was $35\%.$ For your answers, if there is a Loss, indicate using

parenthesis $().$

a$.$ Determine the Results of Discontinued Operations $($net of tax$){?}^{**}$ as of December $31,2015$: $

$*$This answer should include BOTH the Income$/$Loss from Disc. Operations for $\text{'}15$ as well as the impairment loss,

if any.

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$)$

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