Current Attempt in Progress

On March $31,2023,$ Indigo Pak Ltd$.$ decided to discontinue its plastics division. The division, considered a reporting segment, was sold

on September $1,2023.$ Division assets with a carrying value of $$505700$ were sold for $$389000.$ Operating income from January $1$ to

August $31$ for the division was $$31120.$ Assuming an income tax rate of $20\%,$ what amount should be reported on Indigo Pak's income

statement for the year ended December $31,2023,$ under the caption "discontinued operations"?

$$99584$ loss

$$31120$ gain

$$85580$ loss

$$68464$ loss

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