On December 1, 2010, Greer Co. committed to a plan to dispose of its Hart business component’s assets. The disposal meets the requirements to be classified as discontinued operations. On that date, Greer estimated that the loss from the disposition of the assets would be $700,000 and Hart’s 2010 operating losses were $200,000. Disregarding income taxes, what net gain (loss) should be reported for discontinued operations in Greer’s 2010 income statement?

a. $0

b. $(200,000)

c. $(700,000)

d. $(900,000)