the year ending considering the following transactions and events. All of the items described below are before taxes and the amounts should considered material. 1. In November 2024, Olivo sold its PizzaPasta restaurant chain that qualified as a component of an entity. The company ha adopted a plan to sell the chain in May 2024. The income from operations of the chain from January 1, 2024, through No was $177,000 and the loss on sale of the chain's assets was $334,000. 2. In 2024, Olivo sold one of its six factories for $1,540,000. At the time of the sale, the factory had a book value of $1,270,0 factory was not considered a component of the entity. 3. In 2022, Olivo's accountant omitted the annual adjustment for patent amortization expense of $137,000. The error was n discovered until December 2024. Required:

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