During July 2015 Purina Company decides to dispose of one of its subsidiaries which qualifies for accounting as a discontinued operation. At the July 2015 measurement date Purina Company estimates that it will report EBIT of $300,000 dollars from the measurement date until the disposal date which is expected to be in April 2016. In addition, Purina estimates that it will lose $100,000 on the sale of the segments assets (estimated selling price of assets less estimated net book value of the assets). How much gain or loss on discontinued operations will Purina report in its 2015 income statement (net of income taxes which are 35% of EBT)? Selected Answer: 173333