28 On May 1, Yellowstone Co. agreed to sell the assets of Its Footwear Division to Everglades Inc. for $80 million. The sale was completed on December 31, 2021 801313 The following additional facts pertain to the transaction The Footwear Division qualifies as a component of the entity according to GAAP regarding discontinued operations, The book value of Footwear's assets totaled $48 million on the date of the sale. Footwear's operating income was a pre-tax loss of S10 milion in 2021 Foxtrot's income tax rate is 30% In the income statement for the year ended December 31, 2021. Yellowstone Co. would report income from discontinued operations of Multiple Choice $22.4 million $15.4 million Taw 11