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On September 1,2012,Ramos Inc

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On September 1,2012,Ramos Inc.approved a plan to dispose of a segment of its business.Ramos expected that the sale would occur on March 31,2013,at an estimated gain of $350,000.The segment had actual and estimated operating profits (losses as follows):
On September 1,2012,Ramos Inc.approved a plan to dispose of a segment of its business.Ramos expected that the sale would occur on March 31,2013,at an estimated gain of $350,000.The segment had actual and estimated operating profits (losses as follows): Assume a marginal tax rate of 30%. Required: In its 2012 income statement,what should Ramos report as profit or loss from discontinued operations (net of tax effects)? Assume a marginal tax rate of 30%.
Required:
In its 2012 income statement,what should Ramos report as profit or loss from discontinued operations (net of tax effects)?

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