One of Cheetah Corp.s assets was expropriated by government authorities. The following additional information is available:

Book value at the time of expropriation

$1,200,000

Cash received

$3,000,000

Under ASPE, this situation would be reflected in the company's financial statements as a $1,800,000

gain that would be included in other comprehensive income.

gain that would be included in net income.

gain from discontinued operations.

gain that would appear on the statement of shareholders equity.