Results of Discontinued Operations During December 2016, Smythe Company decides to sell Division F (a component of the company). On December 31, 2016, the company classifies Division F as held for sale. On that date, the book values of Division Fs assets and liabilities are $960,000 and $600,000, respectively. Smythe expects to sell Division F in 2017 and estimates that the fair value of Division F is $240,000. During 2016 , Division F earned revenues of $1,100,000 and incurred expenses of $1,500,000,5mythe is subject to a 30%. income tox rate. Required: 2. prepare the results from discontinued operations section of Smythe income statement for 2016 . Results from discontinued operations: from operations of discontinued Division F on write-down of held-for-sale Division F Total