Please help with the 4 boxes with the red X.

On October 15, 2018, Jackson entered Into a tentative agreement to sell the assets of one of its divislons. The division qualifies as a component of an entity as defined by GAAP. The division was sold on December 31, 2018, 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: 2818 $425,8ee 2817 $325,8ee Assume an income tax rate of 40%. Required: (In each case, net any galn or loss on sale of dlvision 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 continulng operations before Income taxes. Ignore EPS disclosures. 2. Assume that by December 31, 2018, the division had not yet been sold but was considered held for sale. The falr value of the dlvislon's assets on December 31 was $5,150,000. Prepare revised Income statements according to generally accepted accounting principles, beginning with Income from continuing operations before Income taxes. Ignore EPS disclosures. 3. Assume that by December 31, 2018, the division had not yet been sold but was consldered held for sale. The falr value of the dlvision's assets on December 31 was $3,950,000. Prepare revised Income statements according to generally accepted accounting principles, beginning with Income from continuing operations before Income taxes. Ignore EPS disclosures. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below Required 1Required 2Required 3 Assume that by December 31, 2018, the division had not yet been sold but was considered held for sale. The fair value of the division's assets on December 31 was $3,950,000. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures (Amounts to be deducted should be indicated with a minus sign.) Show lessA JACKSON HOLDING COMPANY Comparative Income Statements (in part) For the Years Ended December 31 2018 2017 Income from continuing operations before income taxes Income tax benefit (expense) ,590,000 3s 630.000 (836000)(252.000) Income from continuing operations Discontinued operations gain (loss): 954,000 378,000 component(125,000)325,000 50.00001 (130,000) 195,000 879.000 s 573.000 Income (loss) from operations of dis Income tax benefit (expense) Income (loss) on discontinued operations (75,000) Net income