On December 31,2021, the company sold one of its divisions (a separate component defined by GAAP). On the date of sale ,the book value of this division was $ 100,000 and the Fair value less costs to sell was $150,000. The pretax gain from operations from the division for the year was $ 90,000. Assume: 100,000 shares of common shares were outstanding throughout the year. 6% , $50 par value , 10,000 preferred shares outstanding.
How to put this information in the statement?
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