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Current Attempt in Progress

Waterway, Inc. decided on January $1$ to discontinue its telescope manufacturing division. On July $1,$ the division's assets with a book value of $$855000$ are sold for $$594000.$ Operating income from January $1$ to June $30$ for the division amounted to $$136000.$ Ignoring income taxes, what total amount should be reported on Waterway's income statement for the current year under the caption, Discontinued Operations?

$$261000$ loss

$$397000$

$$125000$ loss

$$136000$

Attempts: $0$ of $1$ used