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Skysong, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1,...

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Accounting

Skysong, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the divisions assets with a book value of $1278000 are sold for $918000. Operating income from January 1 to June 30 for the division amounted to $207000. Ignoring income taxes, what total amount should be reported on Skysongs income statement for the current year under the caption, Discontinued Operations?

a. $360000 loss

b. $567000

c. $207000

d. $153000 loss

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