Question 29 (1 point) On October 31, 2021, management of Duluth Holding Company decided to sell one of its divisions that qualifies as a separate component according to generally accepted accounting principles. On December 31, 2021, the end of the company's fiscal year, the division had not yet been sold. Consider the following facts related to the division: For the year, the division reported a pretax loss from operations of $4,000,000. On December 31, assets of the division had a book value of $12,000,000 and a fair value, minus anticipated cost to sell, of $13,000,000. Duluth's after-tax income from continuing operations is $20,000,000. What is the company's net income? (assuming a 25% tax rate): $16,000,000 $17,000,000 $15,000,000 $14,000,000