During 2010, Lopez Corporation disposed of Pine Division, a major component of its business. Lopez realized a gain of $1,200,000, net of taxes, on the sale of Pine's assets. Pine's operating losses, net of taxes, were $1,400,000 in 2010. How should these facts be reported in Lopez's income statement for 2010?

Total Amount to be Included in

Income from

Results of

Continuing Operations

Discontinued Operations

A.$1,400,000 loss

$1,200,000 gain

B.200,000 loss

0

C.0

200,000 loss

D.1,200,000 gain

1,400,000 loss