Question: On October 1 5 , 2 0 2 1 , Jackon entered into a tentative agreement to sell the assets of one of its divisions.

On October

15, 2021,

Jackon 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 Dec

31, 2021,

for $

5, 000, 000 .

Book value of the division's asset was $

4, 400, 000 .

The division's contribution to Jackon's operating income before

-

tax each year was as follows:

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