On September 1, 20X1, Revsine Co. approved a plan to dispose of a segment of its business. Revsine expected that the sale would occur on March 31, 20X2, at an estimated pre-tax gain of $375,000. The segment had actual and estimated operating pre-tax profits (losses) as follows: Realized loss from 1/1/201 to 8/31/201 Realized loss from 9/1/201 to 12/31/201 Expected profit from 1/1/202 to 3/31/202 $(300,000) (200,000) 400,000 The expected profit from 1/1/20X2 to 3/31/20X2 was based on Revsine's expectations as of 12/31/201. Assume the marginal tax rate is 21%. Required: In its 201 income statement, what should Revsine report as profit or loss from discontinued operations (net of tax effects)? Loss Answer is complete but not entirely correct. 350,000