A company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on September $1,2016,$ the company adopted a plan to sell the assets of the division. The actual sale was completed on December $15,2016,$ at a price of $$600,000.$ The book values of the division's assets was $$1,000,000.$ The division incurred a before tax operating loss of $$130,000$ from the beginning of the year through December $15.$ The income tax rate is $40\%.$ The companies after$-$tax income from continuing operations is $$300,000.$

NOTE: Do not use commas $,$