On I July 20X1, Super acquired 75% of the 1 million ordinary shares in Man for $6 million. Goodwill of $1 million arose on the acquisition. Super measures non-controlling interests at acquisition at their proportionate share of the subsidiary's net assets.

On 31 December 20X8, Super disposed of part of its shareholding in Man for $4 million, retaining a 40% interest. The net assets of Man on 1 July 20X8 were $8.5 million and Man made a profit of $800,000 in the year ended 30 June 20X9 (no dividends were paid or declared by Man in that year). As at 31 December 20X8 the fair value of a share in Man was $10.10.

What is the profit or loss on disposal that will be included in the consolidated income statement of Super for the year ended 30 June 20X9?