On 15 June 204, the board of directors for Klondike Inc. (Klondike), approved a plan to sell off a division of the company. The division is a cash-generating unit of Klondike. On 31 December 204, the following information is available: - From 1 January 204 through 15 August 204, the division earned $10.1 million before tax. - From 15 August 204 through 31 December 20X4, the division earned an additional $12.4 million before tax. - The divisions carrying value is $115 million. The estimated fair value less costs to sell of the division's net assets are $107 million. - The bidding process closes on 1 February 205. - Klondike engaged a professional service firm to appraise the fair value of the division's assets. Klondike will use the firm to assist with the bidding and selling process, and as a result, they will pay a 4% commission to the professional services firm when the division is sold. - Klondike 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.)