Sandal Ltd (Sandal) prepares consolidated financial statements. During the financial year ended 30 June 20X4, Sandal disposed of an investment in a foreign operation. Up to the date of disposal, Sandal had to translate the financial statement of the foreign operation from another currency for inclusion in its consolidated financial statements. During prior reporting periods, $14 000 of exchange difference gains net of tax (pre-tax exchange difference gains $20 000) had been recognized in other comprehensive income in the consolidated financial statements of Sandal. During the 20X4 reporting period, a $3500 exchange difference gain net of tax (pre-tax exchange difference gains $5000) up to the date of disposal of the foreign operation had been recognized in other comprehensive income. In accordance with IAS 1 Presentation of Financial Statements, which one of the following statements is correct in relation to the treatment of the disposal of the foreign operation in the consolidated statement of profit or loss and other comprehensive income of Sandal for the year ended 30 June 20X4?