Discontinued operations. (LO 1)

In 2007, Office Products decided to sell its furniture division because it had been losing money for several years. During 2007 , the furniture division lost \(\$ 140,000\). The tax savings related to the loss amounted to \(\$ 25,000\). The division was sold at a loss of \(\$ 350,000\), and the tax savings related to the loss on the sale was \(\$ 50,000\). How would these amounts be reported on the income statement for the year ended December 31, 2007?