C. Calculate the net income for the year 2018. None of the listed choices OMR 267,500 OMR 332,500 OMR 300,000

Plz solve for C it’s timed!!

Extracted text: C. Calculate the net income for the year 2018. None of the listed choices OMR 267,500 OMR 332,500 OMR 300,000


Extracted text: Gulf sands LLC Company had two operating divisions. One division manufactured washing machine and the other division manufactured refrigerators. As per GAAP 5, each division is considered separate segments. The washing machine division, to date, has not been a profitable business segment for the company. As such, on September 1", 2018, the company created a plan to dispose of the assets of the washing machine division. The sale was completed on December 1st December 2018 at a price of RO 850,000. The book value of the division's assets was RO 950,000. The division incurred a before tax operating profit from operations of RO 150,000 from the beginning of the year through December 1st, 2018. The after-tax income from continuing operations is RO 300,000 for 2018.The income tax rate for the company is 35%. a. Calculate the Net effect on the disposal of segments.