On May 1, Teshya Company agreed to sell the assets of its Fashion Wear Division to Top Fashion incorporated. The following additional facts pertain to the transaction: - The Fashion Wear Division qualifies as a component of the entity according to GAAP regarding discontinued operations. - The book value of Fashion Wear's assets totaled $64 million on December 31,2024. - Fashion Wear's operating income was a pre-tax loss of $12 million in 2024. - Tashya's income tax rate is 25\%. Suppose that the Fashion Wear Division's assets had not been sold by December 31, 2024, but were considered held for sale, Assume that the fair value of these assets was $56 million on December 31,2024 . In the income statement for the year ended December 31,2024 , Tashya Company would report discontinued operations of: Multiple Choice \$12.0 milition loss: $90 milikon loss. $20.0 million loss. $15.0 million loss