Novak Corp.. follows IFRS and has the following amounts for the year ended December 31, 2020: gain on sale of FV-NI investments (before tax), $ 12,000; loss from operation of discontinued division (net of tax), $ 33,000; income from operations (before tax), $ 180,000; unrealized holding gain-OCI (net of tax), $ 9,000; income tax on income from continuing operations, $ 50,500; loss from disposal of discontinued division (net of tax), $ 59,500. The unrealized holding gain-OCI relates to investments that are not quoted in an active market.