Problem 4 On April 1, 2020 a company decided that it would sell off one of its major divisions which meets the criteria to be considered a component of the company. This represents a strategic shift for the company and though the division remained unsold at year-end (December 31, 2020), it met all the criteria to be considered Held-for-Sale. Income from Continuing Operations for the company in 2020 total $1,340,000. Operating income in 2020 for the division to be sold totaled $35,000. The book value of the division's net assets was $770,000 on December 31, 2020 and the company believed the net proceeds at sale of the division would be $850,000. The company's tax rate is 20%. How would the above appear on the company's income statement for the year ended December 31, 2020