Kingbird, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the division's assets with a book value of $1261000 are sold for $901000. Operating income from January 1 to June 30 for the division amounted to $190000. Ignoring income taxes, what total amount should be reported on Kingbird's income statement for the current year under the caption, Discontinued Operations? O $360000 loss $170000 loss $550000 O $190000