On August 1, 2019, 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, 2020. On Dec 31, 2019, Rocket's fiscal year-end, the following information relative to the discontinued division was accumulated: Operating gain Jan. 1, 2019-Dec. 31, 2019 $ 180,000 Estimated operating losses, Jan. 1, 2020-June 30, 2020 110,000 Expected loss on sell of division 50,000 Rocket Retailers Tax rate 30% Required: What is the reported before-tax gain (loss) from discontinued operations for the year ended December 31, 2019? ($50,000) $20,000 $180,000 $130,000 None of the above