ABC Company finally decides to sell its buggy whip manufacturing division in 2006. Its operating loss for 2006 for the division is $120,000 and at December 31 2006 believes that it will have to sell the division at a loss of $100,000. However, it does not enter into an agreement to sell until March of 2007, after the 2006 financial statements are released. The final sales agreement causes ABC Company to sell the division at a loss of $80,000. The operating loss for the buggy whip division prior to disposal in 2007 is $50,000. ABC has a 40% tax rate. Show in good form how ABC would report these events for the disposal in their 2007 comparative income statement (i.e. for both 2006 & 2007). (Ignore EPS disclosures)