Borr Drilling paid Transocean $1.4 billion in cash for their fleet of jackup drilling rigs. If Transocean had to record an accounting loss of $1.6 billion as a result of selling the assets, what was the assets book value on Transocean's balance sheet just prior to the sale?

Group of answer choices

$1.6 billion

$3 billion

$1.4 billion

($0.2) billion