1 points XYZ Co. has the following information in the current year financial statements: Income from continuing operation is $275,000, and net income $50.000, XY2 Co, reports: Loss on disposal of division $225,000 (Net of Tax) B. Gain on disposal of division $775,000 (Net of Tax) . Loss on disposal of division $775,000 (Net of Tax) OD Gain on disposal of division $225,000 (Net of Tax)