Answer:
$(123,000) + $(29,000)= $(152,000)
Explanation:
Discontinued operations are those operations of segment of a company where a formal plan exists to eliminate it from the company.
The revenues, gains, expenses, and losses pertaining to the discounting business segment are removed from the company's continuing operations and are reported separately on the company's income statement.
Hence, operating loss of $ 123,000 and impairment loss of $ 29,000 will separately be reported on income statement of the company.
Future estimated operating losses do not become part of the income statement.