$240,000 $96,000 $120,000 $8,000 Sales Operating expenses Cost of Goods sold Restructuring expenses Income from operations of discontinued segment Taxes on income from discontinued segment Taxes on continuing operations Number of Outstanding shares $40,000 $10,000 $12,000 40,000 What is the net income or loss to be reported by the company for the year 2020? a. $4,000 b. $16,000 C. $24,000 d. $48,000