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ABC disposed off Segment D, a microchips division, during 2017. The segment met the criteria to be classified as "Held for Sale" on July 1, 2017. Segment D's revenue from January 1 to June 30 amounted to P2,000,000 and from July 1 to November 30 (the actual disposal date) amounted P100,000. Selling and administrative expenses from January 1 to June 30 and from July 1 to November 30 were P1,800,000 and P300,000, respectively. Net proceeds from the sale of the segment on November 30, 2017 were P15,000,000 at which time the segment's carrying value was P14,000,000. The company's income tax rate 35%. The company presents on the face of the income statement a single-line item for discontinued operations.
Problem 1: How much is the profit (or loss) from the operations of the discontinued operations?
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