THE ANSWER IS NOT -.08

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 3,225,000 Fair Value of the Component 3,100,000 Estimated Disposal Costs 120,000 Income Tax Rate 30% Incorrect Question 7 0 10.71 pts Using the information presented above, determine the following: Determine EPS-Discontinued Operations (x2) EPS for income from continuing operations is 2.56 some additional info is The income for yr two is 1,288,000 *round your answer to the nearest full cent. Do not use a dollar sign when recording your answer. (.08) 0.71 / 0.71 pts