The unaudited income statement and balance sheet of Gourmet Foods Corporation for the years 2012 and 2011 are given below (in $ million)

Income Statement
		2012	2011
Revenues		2,026	1,578
Operating Expenses		1,660	1,316
Net interest expense		40	40
Tax expense		120	90
Net Income		206	132
Balance Sheet		2012	2011
Operating assets		4,450	4,000
Investment securities		1,200	1,200
Total Assets		5,650	5,200
Operating Liabilities		2,644	2,400
Long-term debt		800	800
Equity		2,206	2,000
Liabilities and Equity		5,650	5,200

In 2012, Gourmet Foods sold its meat packing division for $600 million in cash (the decision to sell the unit was made on the same day). On the date of sale, this division had operating assets of $830 million and operating liabilities of $300 million. At the end of 2011, operating assets and liabilities of this division were $821 and $300 million, respectively. The division had no debt. Its operations for 2012 and 2011 were as follows:

		2012	2011
Operating revenues		545	500
Operating expenses		485	460
Tax expense		21	14
Operating Income		39	26

The accountant of Gourmet Foods had not made any entries regarding the sale of this division. The tax accountant opined that 40% of the gain on sale would be taxable.

Gourmet Foods auditor decides that the sale of the meat packing division should be treated as a discontinued operation. Show how the income statement and balance sheet of Gourmet Foods will need to be restated to reflect this change.

Assume you were a financial analyst. How would you treat this discontinued operation?