VO, Ulle mar UIVISIOns are considered separate components a ciples. The horse division has been unprofitable, and on Novemb the division. The sale was completed on April 30, 2019. At De held for sale. On December 31, 2018, the company's fiscal year-end, the bo $250,000. On that date, the fair value of the assets, less costs to se ations of the division for the year was $140,000. The company's from continuing operations for 2018 was $400,000. Required: 1. Prepare a partial income statement for 2018 beginning with inco disclosures 2. Repeat requirement 1 assuming that the estimated net fair value o Kandon Enterprises, Inc., has two operating divisions; one manufac horses. Both divisions are considered separate components as des ciples. The horse division has been unprofitable, and on November the division. The sale was completed on April 30, 2019. At Decem held for sale. On December 31, 2018, the company's fiscal year-end, the bool $250,000. On that date, the fair value of the assets, less costs to sell, ations of the division for the year was $140,000. The company's e from continuing operations for 2018 was $400,000. Required: 1. Prepare a partial income statement for 2018 beginning with inc disclosures. 2. Repeat requirement I assuming that the estimated net fair valu instead of $200,000. on agreement VO, Ulle mar UIVISIOns are considered separate components a ciples. The horse division has been unprofitable, and on Novemb the division. The sale was completed on April 30, 2019. At De held for sale. On December 31, 2018, the company's fiscal year-end, the bo $250,000. On that date, the fair value of the assets, less costs to se ations of the division for the year was $140,000. The company's from continuing operations for 2018 was $400,000. Required: 1. Prepare a partial income statement for 2018 beginning with inco disclosures 2. Repeat requirement 1 assuming that the estimated net fair value o Kandon Enterprises, Inc., has two operating divisions; one manufac horses. Both divisions are considered separate components as des ciples. The horse division has been unprofitable, and on November the division. The sale was completed on April 30, 2019. At Decem held for sale. On December 31, 2018, the company's fiscal year-end, the bool $250,000. On that date, the fair value of the assets, less costs to sell, ations of the division for the year was $140,000. The company's e from continuing operations for 2018 was $400,000. Required: 1. Prepare a partial income statement for 2018 beginning with inc disclosures. 2. Repeat requirement I assuming that the estimated net fair valu instead of $200,000. on agreement