Question 3 (8 marks) BluRay Inc: decided to sell Demand TV Ltd., a subsidiary, on September 30, 2021. There is a formal plan to dispose of the business component, and the sale qualifies for discontinued operations treatment. Pertinent data on the operations of DemandTV are as follows: loss from operations from beginning of year to September 30, $1.9 million (net of tax of $700,000); loss from operations from September 30 to end of 2021, $700,000 (net of tax of $250,000); estimated loss on disposal of net assets to December 31, 2021 (net of tax of $50,000), $150,000. The year end is December 31. BluRay prepares financial statements in accordance with IFRS. Required: A. What is the net income/loss from discontinued operations reported in 2021? (2 marks) B. Prepare the discontinued operations section of the income statement for the year ended 2021. The income statement should begin with income from continuing operations. (4 marks) C. How would the discontinued operation be presented on the statement of financial position? (2 marks)