THE ANSWER IS NOT -.08

USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT QUESTIONS On August 1, 201, Soury Mercantile adopted a plan to discontinue rea's clothing division, which quales as a component of the business according to GAAP The rol of the division was expected to be concluded by June 30, 2012. On December 31, 201, Soury's year-end, the following information relative to the discontinued operation was cumulated 3,225.000 Operating income pre-txian 1.20x1 - Dec 31, 201 Net Book Value of the Comanent Dec 31, 2041 Fair of the Component Estimated Disposal Costs Income Tax Rate 3.100.000 120.000 30 Because the sale was not complete by December 31, 2018 Searly had to test the component for impairment Determine the impairment Loss net of tax that would report in their 20x1 footstestany Incorrect 1901 Question 7 when recording your answer. "round your answer to the nearest full cent. Do not use a dollar sign $ Determine EPS-Discontinued Operations (12) Using the information presented above, determine the following 0.71 0.71 pts 010.71 pts some additional info is EPS for income from continuing operations is 2.56 The income for yr two is 1,288,000