38 Fini ABC Company decided to discontinue one of its manufacturing division. The division's assets with a book value of $850,000 are sold for $650,000. Operating income from the division amounted to $40,000. Ignoring income taxes, what total amount should be reported on ABC's income statement for the current year under the caption, Discontinued Operations? a. 130,000 b. 110,000 loss C. 240,000 loss d. 370,000 Select one: a. D O b. O C. A d. B