For Computational Questions 384 JJC Enterprises, Inc., has two operating divisions, one manufactures machinery and the other breeds and sells horses. On November 15, 2011 JJC Enterprises adopted a formal plan to sell the horse division. The before-tax operating loss of the division for the year was 5140,000. The company's effective tax rate is 40%. The after-tax income from continuing operations for 2011 was $400,000 D Question 28 Spo Computational Question 3 (Case 1) JC Enterprises completed the sale of its horse division for $250.000 on December 1, 2011. On the sate's date, the book value of the assets of the horse division was $350,000. Calculate (1) Impairment Loss and (2) Income (ose from Discontinued Operations. BI . IE *** * M 4 12 P Question 29 5 pts Computational Question 4 At December 31, 2011, the component was considered held for sale. On December 31, 2017, the company's fiscal year end, the book value of the assets of the horse division was $250,000. On that date, the tale value of the assets. less costs to sell, was $300,000 Calculate it aiment Loss and (2) Income (Loss) from Discontinued Operations. BIWA A -LEX & 1 12 . Po