Refer to the situation described in BE 4-8. Assume instead that the estimated fair value of the segment's assets, less costs to sell, on December 31 was $7 million rather than $10 million. Prepare the lower portion of the 2011 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures.

Data from BE 4-8

In BE 4-8, Refer to the situation described in BE 4-7. Assume that the semiconductor segment was not sold during 2011 but was held for sale at year-end. The estimated fair value of the segment's assets, less costs to sell, on December 31 was $10 million. Prepare the lower portion of the 2011 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures.