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On May 3 1 , 2 0 2 4 , the Arlene Corporation adopted a plan to sell its cosmetics line of business, considered a

On May 31,2024, the Arlene Corporation adopted a plan to sell its cosmetics line of business, considered a component of the entity. By the end of the year, the assets have not been sold. The book value of those assets equals $850,000, and the company estimates their fair value to be $1,100,000. The component generated operating income of $450,000 for the year. In its income statement for the year ended December 31,2024, for what amount would the company report income from operations of a discontinued component (ignoring taxes).
Multiple Choice
$300,000
$450,000
$700,000
$550,000
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