I need help with exercise P $4-2$

P $4-2$

Discontinued operations

LO$4-4$

The following condensed income statements of the Jackson Holding ended December $31,2024$ and $2023$:

Net income

On October $15,2024,$ Jackson entered into a tentative agreement to sell the assets of one of its divisions. The division qualifies as a component of an entity as defined by GAAP. The division was sold on December $31,2024,$ for $$5,000,000.$ Book value of the division's assets was $$4,400,000.$ The division's contribution to Jackson's operating income before$-$tax for each year was as follows:

$\backslash$table$[[2024,$$$400,000$