iz Instructions Question 8 4 pt On July 1, 2019, ABC Company approved a plan to dispose of a segment of its business. On November 1, 2019 a contract to sell this component was signed. The sale is to be effective as of April 1, 2020. The component had an operating loss of $38,000 (pretax) from January 1 - December 31, 2019 and a book value (net) at December 31, 2019 of $240.000. ABC estimates the fair value of the component to be $235,000 and associated costs to sell of $15,000. ABC has a tax rate of 30%. Determine the total Loss on Discontinued Operations (net of tax) for 2019 as reported on the income statement $40,600 loss $14,000 loss $54,600 loss $30,100 loss $26,600 loss Paarious Navt