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4. On July 1, 2019, Packer Company decided to dispose of its foreign sales operations. The component was sold on December 3, 2019, for $2,000,000

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4. On July 1, 2019, Packer Company decided to dispose of its foreign sales operations. The component was sold on December 3, 2019, for $2,000,000 resulting in a $109,000 loss of the sale. The foreign sales operation had recorded a $250,000 operating profit up to the date of sale. Packer Company is subject to a 30% income tax rate. Prepare the results from discontinued operations section of Packer's income statement for 2019

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