On November 1, 2021, Middle East Company adopted a plan to discontinue its barge division, which qualifies 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, 2021 $ 66 million 88 million Estimated operating losses, Jan. 1 to April 30, 2022 Excess of fair value, less costs to sell, over book value at Dec. 31, 2021 25 million In its income statement for the year ended December 31, 2021, Middle East Company would report a before-tax loss on discontinued operations of: a. $41 million b. $154 million. c. $129 milli Il mcbs.proctoring online is sharing your screen $166 million Stop sharing Hide 97"FS