During July 2012, Ralston Company decides to dispose of one of its subsidiaries, which qualifies for accounting as a discontinued operation. At the July 2012 measurement date, Ralston Company estimates that it will report net losses of $1,500,000 dollars from the measurement date until the disposal date, which is expected to be in April 2013. In addition, Ralston estimates that it will lose $300,000 on the sale of the segment. How much gain or loss on discontinued operations will Ralston report in its 2012 income statement (net of income taxes)? a. $1,500,000 loss b. $0 c. $300,000 loss d. $1,800,000 loss