In order to lower his monthly auto insurance bill, henry has decided to change his existing policy by increasing the deductible for both collision and comprehensive insurance to the highest amount permitted by his insurance company, aa auto insurance. his current monthly auto insurance bill, which includes a $250.00 deductible for collision and a $50.00 deductible for comprehensive, is $43.79. how will henry's monthly auto insurance bill be affected by the change? aa auto insurance type of insurance coverage coverage limits annual premiums bodily injury $25/$50,000 $22.50 $50/100,000 $31.75 $100/300,000 $40.25 property damage $25,000 $120.50 $50,000 $144.75 $100,000 $193.00 collision $100 deductible $520.00 $250 deductible $415.25 $500 deductible $275.75 comprehensive $50 deductible $110.25 $100 deductible $100.00

Kandon enterprises, inc., has two operating divisions; one manufactures machinery and the other breeds and sells horses. both divisions are considered separate components as defined by generally accepted accounting principles. the horse division has been unprofitable, and on november 15, 2018, kandon adopted a formal plan to sell the division. the sale was completed on april 30, 2019. at december 31, 2018, the component was considered held for sale. on december 31, 2018, the company’s fiscal year-end, the book value of the assets of the horse division was $415,000. on that date, the fair value of the assets, less costs to sell, was $350,000. the before-tax loss from operations of the division for the year was $290,000. the company’s effective tax rate is 40%. the after-tax income from continuing operations for 2018 was $550,000. required: 1. prepare a partial income statement for 2018 beginning with income from continuing operations. ignore eps disclosures. 2. prepare a partial income statement for 2018 beginning with income from continuing operations. assuming that the estimated net fair value of the horse division’s assets was $700,000, instead of $350,000. ignore eps disclosures.