(Solved): On December 31,2024 , the end of the fiscal year, Revolutionary Industries completed the sale of it ...

On December 31,2024 , the end of the fiscal year, Revolutionary Industries completed the sale of its robotics business for \( \$ 9.6 \) million. The robotics business segment qualifies as a component of the entity, according to GAAP. Consider the following additional information: - The book value of the assets of the segment was \( \$ 7.3 \) million at the time of the sale. - The income from operations of the segment during 2024 was \( \$ 4.3 \) million. - Pretax income from other continuing operations for the year totaled \( \$ 12.3 \) million. - The income tax rate is \( 25 \% \). Prepare the lower portion of the 2,024 income statement beginning with income from continuing operations before income taxes. Note: Loss amounts should be indicated with a minus sign. Enter your answers in whole dollars and not in millions. For example, \( \$ 4,000,000 \) rather than \( \$ 4 \).