Resuits of Discontinued Operations Da November 30, Finer Company announced its plans to ciscontinue the operations of Division P (a major component of the company) by selling the division. On December 31 , Division p had not yot been sold and was classified as held for sale. On this date, Division P had assets with a bock value of $920,000 and 1 labilities with a book value of $610,000. Fieiner ettimates that the far value of Division P on this date is $190,000. During the year, Division P earned revenues of $920,000 and incurred expenses of $960,000, Feiner is wubject ta a 30% income tax rate: 2. Prepse the discontinued operations section of Flener's income statement. Results from discontinued operations: from operations of di vcontinued Division P onwrite-downofheld-for-saleDivisionP]