Vaughn, Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $344000 loss in the year of disposal. The loss on disposal of the segment was $140000. If the tax rate is 20%, and income before income taxes was $2400000, O the income tax expense on the income before discontinued operations is $383200. O net income is $1916000. the losses from discontinued operations are reported net of income taxes at $140000. O the income from continuing operations is $1920000.