leporting Discontinued Operations-Disposal in Subsequent Year hares outstanding in the current year is 150,000 . lequired a. Assume Blain Company's income from continuing operations is $1,150,000 (after tax) in the current year. Prepare a partial income statement beginning with income from continuing operations. Include earnings per share disclosures. - Use a negative sign to indicate a loss. - Enter the answers for per share amounts in dollars and cents, rounded to the nearest penny. b. How does the answer to part a change if the fair value of the McKay Division's net assets were $2,600,000 instead of $2,400,000 on December 31 ? - Use a negative sign to indicate a loss. - Enter the answers for per share amounts in dollars and cents, rounded to the nearest penny
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