Please respond to answer according to the table given

Reporting Gains Losses on Discontinued Operations (extended phase out period) For each case presented below, determine the gain a loss to be reported in each year (assume the impairment was realized at disposal ie there was no additional impairment) - RESULTS OF OPERATIONS - Year 1 Year 2 Measurement date Beginning of year to End of year to disposaldate IMPAIRMENT TEST 12/31/ Year 1 Book Fair Value Value Les Costs DISPOSAL Year 2 Gain loss on Disposal CASE $1.000 (1000) 1,000 (1000) 1,000 (1,000) 1,000 (1,000) $750 (750) (750) 750 750 (750) (750) 750 $10.000 10.000 10.000 10,000 10,000 10,000 10,000 10,000 $11.250 8.750 8,750 11.250 8,750 11250 11.250 8,750 $1.250 (1.250) (1,250) 1.250 (1,250) 1.250 1.250 (1,250) Amounts Reported IN: Year 1 Case Income Impairment Year 2 Income Gain/Loss