Seven Line Corporation manufactures sports gear and merchandise. Presented below is information related to Seven Line Corporation for the current fiscal year. All amounts are pre-tax The tax rate is 30%. Use the information below to prepare a multi-step income statement and answer the following multiple-choice questions, Sales Revenue $1,550,000 Unearned Revenue 20,000 Sales Returns 50,000 Selling and Administrative Expense 240,000 Loss from Hurricane Joaquin 290,000 Cost of Goods Sold 880,000 Restructuring Charges 20,000 Gain on Sale of Plant Assets 10,000 Income from Sneaker Division 50.000 Unrealized Gain on Available for Sale Securities 10,000 Accumulated Other Comprehensive income 30,000 Other notes for the fiscal year Humicane Joaquin was the first one humicane to affect the company in 10 years On the last date of the fiscal year, Seven Line Corporation sold Is Sneakers division to Grand Slam Corporation for a gain or $62,000 before tax. What is net income for Seven Line Corporation? O A None of the above g OB. $135,100 OC. $128,100 O D. $149,100 How should Seven Line Corporation report the Sneakers division? O A. None of the above B. As a $37,100 gain income, net of tax under "Discontinued Operations OC. As a $72,100 gain income, net of tax under "Discontinued Operations OD. As a $53,000 pretax gairy income under Other Gains Losses