Telian Inc. owned the following for all or part of the current year.

Warehouses: North, West, and East.

Retail store

Amusement Park

Recording studio

The 3 warehouses together are considered to be a single business component. The retail store, amusement park and recording studio are each a separate business component. (In other words, Telio has 4 business components at the beginning of the year.)

Telian sold Warehouse North during the year and had a gain of $25,000 on the sale. Telian also sold the Amusement Park during the year at a gain of $700,000. Any sales of business components are a strategic shift for Telio.

How will the gains be reported? (Ignore taxes)

	a.	$725,000 will be reported as part of discontinued operations
	b.	$725,00 will be reported as part of net income from continuing operations
	c.	$700,000 will be reported as part of net income from continuing operations and $25,000 will be reported as part of discontinued operations.
	d.	$25,000 will be reported as part of net income from continuing operations and $700,000 will be reported as part of discontinued operations.
	e.	$725,000 will be reported as part of other comprehensive income