Sunland, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the division's assets with a book value of $851000 are sold for $598000. Operating income from January 1 to June 30 for the division amounted to $122000. Ignoring income taxes, what total amount should be reported on Sunland's income statement for the current year under the caption, Discontinued Operations? $122000 $253000 loss $131000 loss $375000