On November 1, 2021, Jamison Inc. adopted a plan to discontinue its barge division, which qualities as a separate component of the business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by April 30, 2022 On December 31, 2021, the company's year-end, the following information relative to the discontinued division was accumulated Operating loss Jan. 1-Dec. 31, 2621 Estimated operating losses, Jan. 1 to April 30, 2022 Excess of fair value, less costs to sell, over book value at Dec. 31, 2821 $66 million 92 million 15 million In its income statement for the year ended December 31, 2021, Jamison would report a before-tax loss on discontinued operations of Mutiple Choice $158 million $51 min $56 min $143 million