During January 2011, Doe Corp. agreed to sell the assets and product line of its Hart division. The sale was completed on January 15, 2012; on that date, Doe recognized a gain on disposal of $900,000. Hart€™s operating losses were $600,000 for 2011 and $50,000 for the period January 1 through January 15, 2012. The income tax rate is 40%. What amount of net gain (loss) from discontinued operations should be reported in Doe€™s comparative 2012 and 2011 incomestatements?

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2012 2011 $0 150,000 a. b. C. d. 150,000 510,000 540.000 (360.000) (390.000)