On November 2010, managers of the company has decided to discontinue one of its operating factory functioning in Georgia. Managers prepared a plan for the disposal of factory, plan announced to the public. The disposal group, which contains assets of the Georgia factory, is planned to be sold within one year. Adverts published on the well-known Georgian property websites with a reasonable price for the disposal group. The book value of the Georgia factorys assets as of the managers disposal decision data were as follows; Goodwill:$5000 Factory Building:$8000 Equipment: $1000 Machinery:$1500 The assets in the unit were not impaired as of the measurement date. On December 31, 2010, the sale of the unit has not still taken place. The company estimates fair value less cost to sell as $12000 at the year-end. Required: a) Indicate what would be the amount of disposal group which will be presented in the statement of balance sheet on December 31, 2010 and explain how and where that amount should be presented? b) Operational loss incurred from the discontinued disposal groups operations was $3,700 during that term. How the company should present the results of the disposal group in the income statements and notes? Current tax rate of the company is % 30.