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 regarding 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 22 information relative to the discontinued division was accumulated o12422 Operating loss February 1, 2016-Jan 31 201z S125,000 Estimated operating losses, Feb. 1-June 30, 2017 80,000 Impairment of division assets at Jan. 31, 2017 29,000 In its income statement for the year ended January 31, 2017, Rocket would report a before-tax loss on discontinued operations of Multiple Choice 51,000 $205,000 $125,000 H 22 of 28