Consider Lecture Limited's disposal of a qualifying DO business component as follows:

September 1, 2022 BoD decision to sell business component with NBV of $1 million (Cost $5 million, A/D $4 million)

Before tax operating losses for DO business were $150,000 to Sept 1 2022 and $30,000 to year end Dec 31 2022.

Sale expected to close on April 1, 2023 when disposal loss of $250,000 (including costs of disposal) is anticipated.

Additional pre-tax operating loss of $50,000 is expected to disposal date.

Tax rate: 30%

After tax income from continuing operations for 2022 is $500,000 with 1 million shares outstanding.

Prepare applicable entries and good reporting of Discontinued Operations in 2022 assuming actual