On January 1, 2021, Company Ltd. decided to sell one of its processing plants located in New York. The plant, considered a component of the company, was sold on June 1, 2021. The plant assets with a carrying value of $650,000 were sold for $500,000. Operating income at the plant from January 1 to May 31, 2021, was $50,000. Ignoring taxes, what is the total amount that should be reported on Company's income statement for the year ended December 31, 2021, under "discontinued operations"?