On January 1, 2023, Riverbed Ltd. decided to discontinue its plastics making division. The division, considered a reporting segment, was sold on June 1, 2023. Division assets with a carrying value of $804700 were sold for $619000. Operating income from January 1 to May 31 for the division was $61900. Ignoring income taxes, what amount should be reported on Riverbed's income statement for the year ended December 31, 2023, under the caption "discontinued operations"? $61900 gain $185700 loss $123800 loss O $247600 gain

On January 1, 2023, Riverbed Ltd. decided to discontinue its plastics making division. The division, considered a reporting segment, was sold on June 1, 2023. Division assets with a carrying value of $804700 were sold for $619000. Operating income from January 1 to May 31 for the division was $61900. Ignoring income taxes, what amount should be reported on Riverbed's income statement for the year ended December 31, 2023, under the caption "discontinued operations"? $61900 gain $185700 loss $123800 loss $247600 gain