Question - Company committed to sell its comic book division (component of the business) on September 1, 2014. The book value of the division's net assets was $400,000 and the fair value of the net assets was $350,000. The disposal date is expected to be June 1, 2015. The division reported a net loss of $15,000 for the year ended December 31, 2014. Ignoring taxes, what is the income (loss) from discontinued operations and what is the gain (loss) from discontinued operations?