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Question 8 Using the Farrell Company income statement data set below, what is the amount reported for discontinued operations on a multistep income statement for
Question 8 Using the Farrell Company income statement data set below, what is the amount reported for discontinued operations on a multistep income statement for 2021 ? \begin{tabular}{|l|r|} \hline Data set below for Farrell Company for the year ended 12/31/21: & \\ \hline Cost of goods sold & 1,250,000 \\ \hline Gain on disposal of part of the Scissor division & 45,000 \\ \hline Gain on sale of equipment & 60,000 \\ \hline Interest expense & 180,000 \\ \hline Interest revenue & 140,000 \\ \hline Loss on sale of equipment & 90,000 \\ \hline Loss from operation of the Paper division which was discontinued & 500,000 \\ \hline Loss on sale of investment securities & 200,000 \\ \hline Loss on disposal of the Paper division discontinued & 250,000 \\ \hline Loss on disposal of part of the Scissor division & 400,000 \\ \hline Sales & 2,000,000 \\ \hline Tax rate & 25.0% \\ \hline \end{tabular} A.$(862,500) B. $(562,500) C.S(750,000) D. $(287,500)
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