On October 28,2024 , a company committed to a plan to sell a division that qualified as a component of the entity according to GAAP regarding discontinued operations and was properly classified as held for sale on December 31,2024 , the end of the company's fiscal year. The division's loss from operations for 2024 was $1,880,000 The division's book value and fair value less cost to sell on December 31 were $3,010,000 and $2,490,000, respectively. What before-tax amount(s) should the company report as loss on discontinued operations in its 2024 income statement? Multiple Choice $2,400,000loss No loss would be reported. $1,880,000loss $520,000 impairment loss included in continuing operations and a $1,880,000 loss from discontinued operations A decrease in the receivables turnover ratio indicates a decrease in the time between credit sales and cash collection