During 2020, Lopez Corporation disposed of Pine Division, a…

During 2020, Lopez Corporation disposed of Pine Division, a major component of its business. Lopez realized a gain of $3,000,000, net of taxes, on the sale of Pine’s assets. Pine’s operating losses, net of taxes, were $3,500,000 in 2020. How should these facts be reported in Lopez’s income statement for 2020?  Total Amount to be Included in  Income from Continuing Operations Results of Discontinued Operations a. $3,500,000 loss $3,000,000 gain b. 500,000 loss 0 c. 0 500,000 loss d. 3,000,000 gain 3,500,000 loss