Merrell Corp. discontinued a component of its business on October 17. For the year, the discontinued component had operating income of $5,000,000. At the time of the sale, the assets of the discontinued component had book values of $10,000,000 and were sold for $8,000,000. Income from operations of the continuing parts of the company were $12,000,000 for the year. Assuming a 40% tax rate, what amount would Merrell report as income from discontinued operations? $2,000,000 O $1,800,000 $1,600,000 O $2,200,000