The expected profit from $1/1/20$X$2$ to $3/31/20$X$2$ was based onRevsine'sexpectations as of$12/31/20$X$1.$ Assume the marginal tax rate is $21\%.$Required:In its $20$X$1$ income statement, what should Revsine report as profit or loss from Determining loss $on$ discontinued operations $($LO $2-6)$

On September $1,20$X$1,$ Revsine Co$.$ approved a plan to dispose of a segment of its business. Revsine expected that the sale would occur on March $31,20$X$2,$ at an estimated pre$-$tax gain of $$375,000.$ The segment had actual and estimated pre$-$tax operating profits $($losses$)$ as follows:

$\backslash$table$[[$Realized$,$$$(300,000)$discontinued operations $($net of tax effects$)?$