On may 1, foxtrot co. agreed to sell the assets of its footwear division to albanese inc. for $80 million. the sale was completed on december 31, 2021. the following additional facts pertain to the transaction: the footwear division qualifies as a component of the entity according to gaap regarding discontinued operations. the book value of footwear's assets totaled $48 million on the date of the sale. footwear's operating income was a pre-tax loss of $10 million in 2021. foxtrot's income tax rate is 25%. in the income statement for the year ended december 31, 2021, foxtrot co. would report: