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, 2021. 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 2021. foxtrot's income tax rate is 25%. in the income statement for the year ended december 31, 2021, foxtrot co. would report:

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?