On December 31, 2021, the end of the fiscal year, the Wainwright Corporation completed the sale of its cosmetics line of business for $1,000,000. The cosmetics business segment qualifies as a component of the entity according to GAAP. The book value of those assets equals $800,000. The component generated operating loss of $600,000 for the year. The income tax rate is 25%. In its income statement for the year ended December 31, 2021, for what amount would the company report income (loss) from operations of a discontinued component?

a.Income from discontinued operations $150,000.

b.Loss from discontinued operations $(200,000).

c.Loss from discontinued operations $(300,000).

d.Loss from discontinued operations $(400,000).