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 B b.D . O d.c