Calloway Company adopted a plan to discontinue its cart division on June 30, 20x1. The cart division qualifies as a separate component of the business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by February 28, 20x2. On December 31, 20x1, the company's year-end, the following information relative to the discontinued division was accumulated: Operating loss Jan. 1-Dec. 31, 20x1 $84 million Estimated operating losses, Jan. 1 to February 28, 20x2 99 million 43 Excess of fair value, less costs to sell, over book value of the cart divisions assets at Dec. 31, 20x1 23 million What is the amount of before-tax loss that Calloway should report in its income statement for the year ended December 31, 20x1 on its discontinued operations?