Big Money Inc. has sold its distribution division in the current year. Big Money has a $$120,000$ loss from

operation of the distribution division and a gain on sale of the division's assets of $$40,000.$ Assuming Big

Money has a tax rate of $30\%,$ the results from discontinued operations reported on Big Money's income

statement is

Select one:

A$.$ loss of $$84,000.$

B$.$ loss of $$44,000.$

C$.$ loss of $$56,000.$

D$.$ loss of $$80,000.$