On May 1. Yellowstone Co. agreed to sell the assets of its Footwear Division to Everglades Inc. for $80 million. The sale was completed on December 31, 2021 The following additional facts pertain to the transaction: The Footwear Division qualifies as a component of the entity according to GAAP regarding discontinued operations. The book value of Footwear's assets totaled $48 million on the date of the sale. Footwear's operating income was a pre-tax loss of $10 million in 2021 Foxtrot's income tax rate is 30% - In the income statement for the year ended December 31, 2021, Yellowstone Co. would report income from discontinued operations of Multiple Choice 5070 million 5220 min 5224 million 0