On November 1,20x3, management of Herron Corporation committed to a plan to dispose of Timms Company, a major subsidiary. The disposal meets the requirements for classification as discontinued operations. The carrying value of Timms Company was 8,000,000 and the management estimated the fair value less costs to sell to be 6,500,000. For 20x3, Timms Company had a loss of 2,000,000. How much should Heron Corporation present as loss from discontinued operations before the effect of taxes in its income statement for 20x3?

a. 0

b. 1,500,000

c. 2,000,000

d. 3,500,000