During 2020. Knotty Corporation disposed of Pine Division, a major component of its business. Knotty realized a pre-tax gain of $3,500,000 on the sale of Pine's assets. Pine's operating losses, before taxes, were $3,000,000 in 2020. Knotty's effective tax rate was 20% for 2020. What will Knotty report as Income or Loss from Discontinued Operations for 2020? $500,000 Income O $400,000 Loss $400,000 Income O $2,800,000 Income