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some additional info is EPS for income from continuing operations is 2.56 The income for yr two is 1,288,000 The loss from discontinued operations net

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some additional info is
EPS for income from continuing operations is 2.56
The income for yr two is 1,288,000
The loss from discontinued operations net of tax for yr two is 42,000
income from continuing operations is 1,330,000
USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (8) QUESTIONS: On August 1, 20x1, Sparky Mercantile adopted a plan to discontinue its children's clothing division, which qualifies as a component of the business according to GAAP. The disposal of the division was expected to be concluded by June 30, 20x2. On December 31, 20x1, Sparky's fiscal year-end, the following information relative to the discontinued operation was accumulated: Operating Income (pre-tax) Jan 1, 20x1 - Dec 31, 20x1 $ 549,000 Net Book Value of the Component at Dec 31, 20x1 Fair Value of the Component 3,225,000 3,100,000 Estimated Disposal Costs 120,000 Income Tax Rate 30% Because the sale was not complete by December 31, 2018, Sparky had to test the component for impairment. Determine the Impairment Loss (net of tax), that Sparky would report in their 20x1 footnotes (if any): $ incorrect Question 7 0 10.71 pts Using the information presented above, determine the following: Determine EPS - Discontinued Operations (x2) $ *round your answer to the nearest full cent. Do not use a dollar sign when recording your answer. (.08) 0.71 / 0.71 pts

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