On January $1,2022,$ Maltese Ltd$.$ decided to discontinue its dog food manufacturing division. The division, considered a separate component of the company, was sold on June $1,2022.$ On that date, division assets had a carrying or book value of $$912,500$ and were sold for $$735,000.$ Operating income for the division for the period January $1$ to May $31$ was $$84,500.$ Maltese has a $20\%$ income tax rate. Given this information, what is the total amount that should be reported on Maltese$$s income statement for the year ended December $31,2022,$ in the section "Discontinued Operations"?

Select answer from the options below

Loss of $$209,600$

Loss of $$93,000$

Loss of $$74,400$

Gain of $$655,600$