On November 1, 2009, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of the business according to SFAS No. 144. The disposal of the division was expected to be concluded by April 30, 2010. On December 31, 2009, the company's year-end, the following information relative to the discontinued division was accumulated:
Operating loss 1/1 - 12/31/09 $65M
Estimated Operating Loss - 1/1 - 4/30/10 $80M
Excess of fair value, less costs to sell, over book value at 12/31098 $15M
In its income statement for the year ended December 31, 2009, what Jamison would report a before-tax loss on discontinued operations of: