ABC Company decided to close its factory located in New York in X1. It is known that this plan has met the definition of discontinuing operations. The operating profit of the New York factory in X1 is $80,000. lnX1,ABC has sold some equipment and recognized gain of disposal of equipment for $70,000. The unsold equipment has $30,000 loss in net fair value at the end of X1. Please determine the amount of profit/loss associated with the discontinued unit (please ignore the effect of income tax). $180,000 $120,000 $150,000 $40,000 Use the following information (in thousands): Determine the amount of income tax. * 0,000 20,000 200,000 =160,000