Saved 2018 2017 Sales Cost of goods solod Administrative expenses Selling expenses Interest revenue Interest expense Loss on sale of assets of discontinued component $5,000,000 $4,100,000 2,980,000 2,120,089 920,000 795,000 480,000 432,000 162,000 152,00 224,000 224,000 98,000 On July 1, 2018, the company adopted a plan to discontinue a division that qualifies as a component of a The assets of the component were sold on September 30, 2018, for $98,000 less than their book value. component (included in the above account balances) were as follows: /1/18-9/30/18 2017 $ 520,000 Sales Cost of goods sold Administrative expenses Selling expenses (350,000) (62,000) (32,000) 620,00e (392,000) (52,000) (42,000) operating income before taxes 76,000 134,000 nt balances above, several events occurred during 2018 that have notyet been ref accounts