November 1, 2018, Jamison Inc, adopted a plan to discontinue its barge division, which a separate component of the business according to GAAP regarding discontinued qualifies as opera December 31, 2018, the company's year-end, the following information relative to the tions. The disposal of the division was expected to be concluded by April 30, 2019. On discontinued division was accumulated: Operating loss Jan. 1-Dec. 31, 2018 Estimated operating losses, Jan. 1 to April 30, 2019 Excess of fair value, less costs to sell, over book value at Dec. 31, 2018 $ 65 million 80 million 15 million In its income statement for the year ended December 31, 2018, Jamison would report a before- tax loss on discontinued operations of: A) $65 million. B) $50 million. C) $130 million. D) $145 million.