On May $1,2016,$ Wheaton Company decided to dispose of its foreign sales operations $($a change which represents a strategic shift in the geographic area of Wheaton$$s operations$).$ The component was sold on November $24,2016,$ for $$1,000,000$ resulting in a $$96,000$ loss on the sale. The foreign sales operations recorded a $$300,000$ operating profit in $2016$ up to the date of sale. Wheaton Company is subject to a $30\%$ income tax rate. What would be the total amount reported as income from discontinued operation?