Following is selected financial information from A Company for its fiscal year ended December 31, 2018 ($ millions): Cash flows from operations 285.7 Sales 3,492.7 Stockholders' Equity 1,252.5 Cost of Goods Sold 1,408.8 Cash flows from financing (74.8) Total Liabilities 1,073.2 Other Expenses, including income taxes 2,073.4 Noncash Assets 1,650.1 Cash flows from investing (106.8) Net Income 10.5 Effect of exchange rate changes on cash 24.3 Question What should A Company report as the net change in cash flows in its statement of cash flows for the year ended December 31, 2018

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.