please i need the answer on the schedule below, and thanks

Qurstion 2 (7 marks) Henry Compury is a marketer of brasded foods so retail and food service chusneks. Exhibie (2.1) pecscats lienry Company's income stasoment foe Ycar to, Year [1, and Year 12. Nofes to the financial tatresents reval the following iaformation: 1) Gain we sale of a portien of the branded preduct tiae: In Ycar 10, Merry Compary completed the sale of a fortioe of one of its branded product lines for 5735milloe. The transastion resulued in a pretas gain ef $464.5 million. The sale did not qualify as a dispontinood operation. Henry Company did not dieclose the tax effect of the gain repored in Exhibit (2.1). 2) Everacilinary lews: In Year 11. Heary Cocupany coperiesced an catraonlary loss wben a subsidiary was expropriated dueing a military coup in a pecviounly stable cotntry. The loss was 517 millias, net of incoume twes of 5.10 milloon. Note Recently, US. GAAP and IfRS bave prohilited the exarandlary iten classification, which in the paat was uned so segregane poriphwral gains and losses that ware unuwal in natues atul infregowat in accurrence. Very few inems were reported as eversordinary. Treat this incm as you would treat any infrequen poriphoral gain or loss. 3) Sake and promotion cests: In Ycar 11. Henry Comgany changod the classification of ecriain sale and promotion incentives provided to cwistmers and consumers. In the past, Ilenry Company classified those iscentres as sellity and atminivealive expectives (vee Exbibit 2.1) with the grosk amoun of the revenue abocialod with the incentives reported in sales. fleginning in Year 11, Hentry Company changod to reporting the inecrives as a redsction of revenoes. As a resir of this change, the firm rodused reporied recenoes by 5693 million in Year 12, 5610 million in Year 11, 5469 millisen in Year 10. The fem stald that seling and adminiatrative experses were "curropooshingly redoced sach that net eamingi were aol affected." Exhibil (2.1) aheady reflecte the adjustments ia sales revemues and selling and administrative expenses for Years 10 atrough 12 . in Frhibit (2.1). Ruired: A. Discuss whethst you would adjas for cach of the following ithan when asing camings to forecas the future profitahility of Henry Company: 1. Gain en sale of a portion ef the hranded preduct line. 2. Lveraondinary loss. B. Indicale the adjustineth you would make wo Heary Conquary's net income for each iten in Requiremeni (A). C. Discuss whetber you believe the reclassification adfustuents made by Henry Compary for the : sale and promotion incosarive costs ( ticm B ) are appocpriate. D. Prepurt a common-sise income statement for Year to, Year 11, and Year 12 using the amounts in Eahibit 12.1). Set sales equal be 1005. Round percertapes bo ane decimal poiat. E. Repeat Requirement (D) after making the income atadement adjubinetas in Requitement (B). Aminer lo. Qucution 2 (7 marks) A. Disens nhether yeu would adjas for each of the follening items when welng carnings to ferecast the future prefitability of Henry Company. (1) Gain on sale of a partioa of the braaded pruduct line: (2) Futraordinary lass: B. Indicate the adjastment g ee would make it Hrary Cempany's net income for each itrm in Requirement (A). C. Dicens whetber you believe the reclassification adjushents made by Henry Campany for the sale and premotion incenthe costs (lfem 3 ) are appropriate. D. Frepare a cemmed-dize inceme seatement for Year 10, Ycar 11, and Year 12 using the moents in Eahibir 12.1). Set sales negual to 100%. Round persentages to one derimal paint. Y. Repeat Reyeirrenent (D) after making the income statement adjustments in Reguirement (B). F. Assess the changes in ithe prufitatility of Ilenry Cencpany during the three-year peried