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 $120 million on December 31, 2021. Nashville Recording's operating pre-tax income was $180 million in 2021. Large Machine Studio's income tax rate is 20%. The acquisition was completed on Dec 31, 2021 at $300 million. In the income statement for the year ended Dec 31, 2021, Tango Co. would report discontinued operations of: O $360 million loss. O $288 million income. O $288 million loss. O $360 million income