Pandey Inc. had the following activities during the month A. Borrowed $840,000 cash, signing a promissory note. B. Bought a building for $1,080,000, paying $250,000 in cash and signing a promissory note for $830,000 C. Rented equipment at a cost of $24,000 per month and issued a check covering six months' rent D Provided $175,000 of services and billed customers E. Purchased $58,000 of supplies on account F Received a utility bill for the current period in the amount of $4,000 G. Raised sales prices on 200 units from $420 per unit to $580 per unit H, Received a 50% deposit from a customer on a $48,000 order to be filed next month Required Analyze the events listed below by indicating the accounts and amounts involved in the table below. In the column labeledselect the sign that describes how the accounting equation is affected. If the event should not to be recorded as a transaction, leave it blank (Enter all amounts as positive values.)

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)