Suppose felix and janet are playing a game in which both must simultaneously choose the action left or right. the payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. for example, the lower-right cell shows that if felix chooses right and janet chooses right, felix will receive a payoff of 7 and janet will receive a payoff of 4.
janet
left - right
felix - left - 2, 3 - 2, 4
right - 3, 7 - 4, 6
the only dominant strategy in this game is for (janet, felix) to choose (left, right)
the outcome reflecting the unique nash equilibrium in this game is as follows: felix chooses (left, right) and janet chooses (left, right) .

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.