Accurate answer needed please AS SOON AS POSSIBLE

On September 30, 20x3, the board of directors of a publicly accountable entity

made a decision to put up one of their business segments up for sale. Financial

data on the segment follows:

Segments assets

Carrying value $12,500,000

Fair value 10,000,000

Costs to sell = 8% of fair value

Segments income statement data

Revenues $16,000,000

Cost of goods sold 9,000,000

Operating expenses 4,000,000

Depreciation expense 1,500,000

Depreciation expense was calculated for the full year. The entitys income tax rate

is 35%.

Calculate the gain or loss from discontinued operations for the year ended

December 31, 20x3.