In August of Year 4, Aroma Corp has decided to discontinue its Sweet-Smell (SS) division. Assume that SS is a component of Aroma that qualifies as a discontinued operation. Discussions have begun with an interested buyer and it is expected that the sale will be concluded in early Year 5. The expected selling price is $12.5 million less an agent's commission of 7%. The carrying value of the SS division's net assets is $14 million. Assume that the HFS criteria are met. If Aroma's income tax rate is 30%, what is the amount of the net loss from writedown of assets from discontinued operations for the year ended December 31, Year 4? A $437,500 B $1,050,000 C $1,662,500 D $2,375,000