During 2020, Lopez Corporation disposed of Pine Division, a major component of its business. Lopez realized a gain of $3,000,000, net of taxes, on the sale of Pine's assets. Pine's operating losses, net of taxes, were $3,500,000 in 2020. How should these facts be reported in Lopez's income statement for 2020? Indicate whether a gain or (loss) and amount (See Module 3 Part 2)

2. Total amount to be included in Income from Continuing Operations $?

3. Total amount to be included in Results of Discontinued Operations $?