Ivanhoe Corporation operates several stores in British Columbia $($Vancouver$,$ Victoria, Kamloops, Penticton, and Prince George$).$ The

restructuring of its organization on November $20,2023,$ has led to the decision to sell its Prince George store. In preparing financial

statements at December $31,2023,$ the following information was made available:

The Prince George operation incurred a loss of $$260,800$ for the $2023$ calendar year, including $$207,000$ for the period

January $1$ to November $20,2023.$

Estimated costs to sell are $$270,000.$

At December $31,2023,$ the fair value of the Prince George assets is estimated at $$7\mathrm{.}100$ million and the carrying amount is

$$7\mathrm{.}370$ million.

The combined provincial and federal income tax rate is $30\%.$

It is estimated that the operation will lose an additional $$230,000$ before it is sold.

$($a$)$

Your answer is correct.

The Prince George operation qualifies for reporting as a discontinued operation. What amount should be reported in the

discontinued operations section of Ivanhoe's $2023$ income statement? $($Enter negative amount using either a negative sign preceding

the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Gain $/($Loss$)$ on discontinued operations $

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$($b$)$

Your answer is incorrect.

In early $2024,$ the Prince George operation is sold for $$8\mathrm{.}480$ million, with actual costs to sell of $$368,000.$ Additional disposal

costs related to the sale are $$460,000.$ The operation lost an additional $$138,000$ before it was sold. What amount should be

reported in the discontinued operations section of Ivanhoe's $2024$ income statement? $($Enter negative amount using either a negative

sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$