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Prepare a partial income statement for 2024 beginning with income from continuing operation Note: Amounts to be deducted should be indicated with a minus sign. Prepare zypartial income statement for 2024 beginning with income from continuing operations. Assume that the estimatenthet fair value of the horse division's assets was $800,000, instead of $400,000. Ignore EPS disclosures. Note: Amounts to be deducted should be indicated with a minus sign. Kandan Enterprises, Incorporated, has two cperating divisions, one manutactures machinery and the other breeds and sells horses. Both divisions are considered separste components as defined by generally accepted accounting principles. The horse division hos been unprofieable, and, on November 15,2024 , Kandon adopted a formal plan to seil the division. The sale was cempleted on April 30 . 2025. Ar December 31, 2024, the component was considered held for sale. Consider the following- - On December 31,2024, the company's fiscal year-end, the book value of the assets of the herse division was $460,000. On that date, the fair value of the assets, less costs to sel, was $400,000. - The before-tax loss from operations of the division for the year was $340,000. - The aftertax income from continuing operations for 2024 was $600.000. - The companys effectrve tax rate is 25% Mequired: 1. Prepare a partial income statement for 2024 beginning with income fom coninuing operaisons. lonore EPs disclosures. 2. Prepare a parial income statement for 2024 beginning with income from cominuing operations. Assume that the estimated net fair value of the horse division's assets was $800.000. instead of $400.000 tgnore Eps disclosures