Fox Co. successfully completed the sale of its Snack division in March 2021 that it decided to discontinue operations in November 2020.

From January 2021 through the date of the sale, the Snack Division generated a $600,000 operating profit. The Snack division was sold at a pre-tax gain of $1,000,000. Fox Co. has pre-tax profit from all operations in 2021 of $50,000,000. What is Fox Cos Income from Discontinued Operations reported on its income statement in 2021?

Fox Cos income tax rate is 30%.

A) $700,000

B) $1,120,000

C) $36,120,000

D) $1,600,000

E) $35,700,000