Or $240000$121000

Crane, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the division's assets with a book value of $830000 are sold for $5 90000. Operating income from January 1 to June 30 for the division amounted to $121000. Ignoring income taxes, what total amount should be reported on Crane's income statement for the current year under the caption, Discontinued Operations? O $361000 loss O $119000 loss