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Reporting on Discontinued Operations-Disposal in Current Year cash. The book value of the assets of the Services Divisinn was 5288.000. The disposal date was August

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Reporting on Discontinued Operations-Disposal in Current Year cash. The book value of the assets of the Services Divisinn was 5288.000. The disposal date was August 1. The income tax rate is 254 and the accounticg year-end 8 December 31 On December 31 the pretax income from all operations, including an operating loss of 532.000 incurred by the Services Division prigr to August 1 was 1640.000. However, the amount al s640.,000 does not instade any gain or loss from the swe of the discontinued component. There were 100,000 weighted average common shares cutstanding during the year Required Prepare a partial income statement beginnitig wath income from continuigig operations, Inckade the earnings per share disdasures. - Use a negative sign to inticate a loss. - Enter the answers for per thare antounts in dollars and cents, founded to the nearest penny. Impairment loss on discontinued component, net of tax savings Income before income taxes Income from continuing operations Income from discontinued component, net of tax Income tax expense Loss from continuing operations Loss from discontinued component, net of tax savings Net income

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