Sue and neal are twins. sue invests $5,000 at 7 percent when she is 25 years old. neal invests $5,000 at 7 percent when he is 30 years old. both investments compound interest annually. both sue and neal retire at age 60. which one of the following statements is correct assuming that neither sue nor neal has withdrawn any money from their accounts? (a) neal will earn more compound interest than sue. (b) sue will have more money than neal at age 60. (c) sue will have less money when she retires than neal.
if both sue and neal wait to age 70 to retire they will have equal amounts of savings. (d) neal will earn more interest on interest than sue.

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.)