On October 1, year 3, Wand, Inc. committed itself to a formal plan to sell its Kam division's assets. Wand estimated that the loss from the disposal of assets in February of year 4 would be $25,000. Wand also estimated that Kam would incur operating losses of $100,000 for the period of October 1 through December 31, year 3, and $50,000 for the period January through February 28, year 4. These estimates were materially correct. Disregarding income taxes, what should Wand report as loss from discontinued operations in its comparative year 3 and year 4 income statements?