On August 1, 2016, Rocket Retailers adopted a plan to discontinue its catalog sales division, which qualifies as a separate component of the business according to GAAP discontinued operations. The disposal of the division was expected to be concluded by June 30, 2017. On January 31, 2017, Rocket's fiscal year-end, the following information discontinued division was accumulated: In its income statement for the year ended January 31, 2017, Rocket would report a before-tax loss on discontinued operations of: $195,000. $125,000. $65,000. $115,000