B C D E F G H K How should the store that is being closed be presented on the income statement? L Good Clothes Inc. operates in two separate stores in towns that are 200 kilometres apart. Each is operated as a separate business. On December 31, 2022, the company decided to dispose of its one of the stores. There is a detailed plan to dispose of the one of the stores which has been approved by the board of directors. Good Clothes believes that it can dispose of the business and its assets at a loss of $200,000 (net of tax). During the current year, the store being closed lost $300,000 (net of tax). The company earned total net income of $750,000 (net of tax) in 2022 from store that will remain open.