Complete and jugdment case this is for a discussion board

The Duluth Holding Company has several operating divisions. In October 2016, management decided to sell one of its divisions that qualifies as a separate component generally accepted accounting principles. The division was sold on December 18, 2016, for a net selling price of $14,000,000. On that date, the assets of the division had a book value of $12,000,000. For the period January 1 through disposal, the division reported a pretax loss from operations of $4,200,000. The company's income tax rate is 40% on all items of income or loss. Duluth generated after-tax profits of $22,350,000 from its continuing operations. Duluth's income statement for the year 2016, beginning with income from continuing operations, would be reported as follows: The Duluth Holding Company has several operating divisions. In October 2016, management decided to sell one of its divisions that qualifies as a separate component generally accepted accounting principles. The division was sold on December 18, 2016, for a net selling price of $14,000,000. On that date, the assets of the division had a book value of $12,000,000. For the period January 1 through disposal, the division reported a pretax loss from operations of $4,200,000. The company's income tax rate is 40% on all items of income or loss. Duluth generated after-tax profits of $22,350,000 from its continuing operations. Duluth's income statement for the year 2016, beginning with income from continuing operations, would be reported as follows