1. On September 1, 2020, Wall Mart approved a formal plan to sell a business segment. The sale will occur on February 2021. The segment had operating income of P5,000,000 from January to August 31 and P1,000,000 for the remainder of the year 2020. The carrying amount of the segment was P8,000,000 and the recoverable amount was P10,000,000. The income tax rate is 35%.

Required: How much will be reported as income from ordinary activities of the discontinued segment, net of tax for the year 2020?

Please use the proper formula or way of computing for students.