please explain this exactly as it is shown this is my third time posting this question! Thank you!

The following condensed income statements of the Jackson Holding Company are preserted for the two years ended December 31. 2024 and 2023 : On October 15. 2024. Jackson entered into a tentative agreement to sell the assets of one of its divisions. The division qualifies a. a component of an entity as defined by GAAP. The division was sold on December 31,2024 , for $5,150,000. Book value of the division's assets was $4,500,000. The division's contribution to Jackson's operating income before-tax for each year was as follows: Assume an income tax rate of 25%. Required: Note: In each case, net any gain or loss on sale of division with annual income or loss from the division and show the tax effect on a separate line. 1. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. lgnore EPS disclosures. Complete this question by entering your answers in the tabs below. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures. Note: Amounts to be deducted should be indicated with a minus sign