During 2017, Cullumber Company disposed of Pine Division, a major component of its business. Cullumber realized a gain of $2980000, net of taxes, on the sale of Pine's assets. Pine's operating losses, net of taxes, were $3540000 in 2017. How should these facts be reported in Cullumber's income statement for 2017?

Total Amount to be include in

income from continuing operations Result of Discontinued Operations

a. 0 560000 loss

b 298000 gain 3540000 loss

c 560000 loss 0

d 3540000 loss 2980000 gain