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, 2021, kandon adopted a formal plan to sell the division. The sale was completed on april 30, 2022. At december 31, 2021, the component was considered held for sale.