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, 2018.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 2018.foxtrot's income tax rate is 40%.suppose that the footwear division's assets had not been sold by december 31, 2018, but were considered held for sale. assume that the fair value of these assets was $80 million at december 31, 2018. in the income statement for the year ended december 31, 2018, foxtrot co., would report discontinued operations of a: (a) none of these answer choices are correct.(b) $13.2 million income.(c) $10 million loss.(d) $6 million loss.