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On October 1,2022, TITUS Company approved a formal plan to sell a business segment. The...

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Accounting

On October 1,2022, TITUS Company approved a formal plan to sell a business segment. The sale will occur on March 31,2023. The segment had operating income of P2,100,000 from january 1 to September 30 and P595,000 for the quarter ended December 31,2022. On December 31,2022, the carrying amount of segment was P3,130,000 and the recoverable amount was P3,750,000. The income tax rate is 30%
How much will be reported as income from the discontinued segment, net of tax for the year 2022?

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