(5 points) If a company sells PPE for a loss of $2,897,000 and related taxes of $869,100, how should the company disclose the transaction on its income statement? (AC 29) As a loss of $2,897,000 and a decrease to tax expense of $869,100 They would report this transaction in the footnotes, not on the income statement. As a prior period adjustment, net of tax, for $2,027,900 As an extraordinary loss, net of tax, for $2,027,900