Help please with all. Confusing.

he board of directors of Junction Electronics (JE), a large manufacturer, approved a plan to sell its eastern divislon at a board meeting n30 October 202. The division is a cash-generating unit of JE. JE engaged a professional service firm to appraise the fair value of he division's assets, and sollcited competitive bids from prospective buyers for the division. JE will use the firm to assist with the idding and selling process. On 31 December 20X2, the following information is avallable: - From 1 January 202 through 30 October 202, the division earned $3.1 million before tax. - From 31 October 202 through 31 December 202, the division earned an additional $0,85 million before tax. - The evaluators estimate that the fair value less costs to sell of the division's net assets is $26.5 million. The divisions carrying value is $28 million in JE's books. - The bidding process closes on 15 January 203. Final negotiations and preparation for sale are expected to extend untll March or April, after which date LE expects to have no continued interest in the division. - JE managers estimate that due to uncertainty surrounding the fate of the division, the division will probably lose $1.8 million between 1 January 203 and the closing date of the sale. - JE will have to pay a 5% commission to the professional services firm. - JE has a tax rate of 25%. Required: Calculate the gain (loss) to be reported for this discontinued operation. (Negative amounts should be entered with a minus sign.) he board of directors of Junction Electronics (JE), a large manufacturer, approved a plan to sell its eastern divislon at a board meeting n30 October 202. The division is a cash-generating unit of JE. JE engaged a professional service firm to appraise the fair value of he division's assets, and sollcited competitive bids from prospective buyers for the division. JE will use the firm to assist with the idding and selling process. On 31 December 20X2, the following information is avallable: - From 1 January 202 through 30 October 202, the division earned $3.1 million before tax. - From 31 October 202 through 31 December 202, the division earned an additional $0,85 million before tax. - The evaluators estimate that the fair value less costs to sell of the division's net assets is $26.5 million. The divisions carrying value is $28 million in JE's books. - The bidding process closes on 15 January 203. Final negotiations and preparation for sale are expected to extend untll March or April, after which date LE expects to have no continued interest in the division. - JE managers estimate that due to uncertainty surrounding the fate of the division, the division will probably lose $1.8 million between 1 January 203 and the closing date of the sale. - JE will have to pay a 5% commission to the professional services firm. - JE has a tax rate of 25%. Required: Calculate the gain (loss) to be reported for this discontinued operation. (Negative amounts should be entered with a minus sign.)