Sheridan, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the division's assets with a book value of $1254000 are sold for $891000. Operating income from January 1 to June 30 for the division amounted to $197000. Ignoring income taxes, what total amount should be reported on Sheridan's income statement for the current year under the caption, Discontinued Operations? A. 560000

B. 166000 loss

C. 197000

D. 363000 loss