On July 1, 2020, Premier Publishing Company decided to discontinue their "Book Publishing Division' On a Pre-Tax basis, the Book Publishing Division had an operating loss of $ 400,000 from January 1st through June 30th, and was anticipated lose an additional $ 600,000 from July 1, 2020 through December 2020. The carrying value of the Net Assets of the Book Publishing Division is $ 10,000,000, and the investment banker hired by Premier believes that the division will be sold for $6,000,000, with the sale being completed on March 31, 2020. The investment banker will charge a fee of $ 200,000 for advising the deal, and thus Premier Publishing can expect to keep $ 5,800,000 of the sales proceeds. Assuming that the transaction qualifies as a "Discontinued Operation" and is designated for sale on July 1, 2020, and that Premier Publishing pays taxes at a rate of 20%, what is the TOTAL Discontined Operating that Premier Publishing will report "below the line" on their Income Statement for the year ending December 31, 2020? Multiple Choice Total Discontinued Operations of Negative $ 600,000 Total Discontinued Operations of Negative $ 800,000 d Total Discontinued Operations of Negative $ 1,000,000 Total Discontinued Operations of Negative $4,200,000 C None of the above