On April 1, 2021 Large Machine Studio agreed to sell the assets of its Nashville Recording Division to Vespa Braun LA. The following additional facts pertain to the transaction: The Recording Division qualifies as a component of the entity according to GAAP regarding discontinued operations. The book value of Nashville Recording's assets totaled $100 million on December 31, 2021. Nashville Recording's operating pre-tax income was $150 million in 2021. . Large Machine Studio's income tax rate is 20% The acquisition was completed on Dec 31, 2021 at $250 million. In the income statement for the year ended Dec 31, 2021. Tango Co. would report discontinued operations of: O $300 million loss O $300 million income. O $240 million income. O $240 million loss