Assume that Sheffield Inc. decided to sell DemandTV Ltd., a subsidiary, on September 30, 2020. There is a formal plan to dispose of the business component, and the sale qualifies for discontinued operations treatment. Pertinent data on the operations of the TV subsidiary are as follows: loss from operations from beginning of year to September 30, $2.3 million (net of tax of $700,000); loss from operations from September 30 to end of 2020. $700,000 (net of tax of $250,000); estimated loss on sale of net assets to December 31, 2020 (net of tax of $50,000), $100,000. The year end is December 31. Sheffield prepares financial statements in accordance with IFRS. What is the net income/loss from discontinued operations reported in 2020? (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Net from discontinued operations $ w Prepare the discontinued operations section of the income statement for the year ended 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) Discontinued operations (2020): $ $