Question Partially correct Mark 0.27 out of 0.63 Rag question Reporting on Discontinued Operations-Disposal in Current Year On August 1, Fischer Inc. decided to discontinue the operations of its Services Division, which qualifies as a business component. An agreement was formalized to sell this component for $249,600 cash. The book value of the assets of the Services Division was $288,000. The disposal date was August 1. The income tax rate is 25%, and the accounting year-end is December 31. On December 31, the pretax income from all operations, including an operating loss of $32,000 incurred by the Services Division prior to August 1 was $640,000. However, the amount of $640,000 does not include any gain or loss from the sale of the discontinued component. There were 100,000 weighted average common sharem outstanding during the year. Required Prepare a partial income statement beginning with income from continuing operations. Include the earnings per share disclosures Use a negative sign to indicate a loss. Enter the answers for per share amounts in dollars and cents, rounded to the nearest penny. Income from continuing operations Discontinued operations Loss from discontinued component, net of tax savings $ 672.000 x 34 (24,000) (38,400) M 609 600x Loss on disposal of discontinued component, net of tax savings Net income Per share Income from continuing operations impairment loss on discontinued component, net of tax saving x Loss on disposal of discontinued component, net of tax savings Net income 6.72x (038) M 0x $ 0x