LeBron's Bookstores has two divisions: books and electronics. The electronics division had another great year in 2021 with net sales of $11 million, cost of goods sold of $6.5 million, operating expenses of $3 million, and income tax expense of $375,000. The book division did not do as well and was sold during the year. The loss from operations and sale of the book division was $900,000 before taxes and $675,000 after taxes. Required: Prepare the multiple-step income statement for LeBron's Bookstores, including the proper reporting for the discontinued book division. (Enter your answer in dollars, not millions. (i.e.,$5.5 million should be entered as 5,500,000).) X Answer is not complete. LEBRON'S BOOKSTORES Income Statement For the Year Ended December 31, 2021 Net sales $ 11,000,000 6,500,000 Cost of goods sold Gross profit Operating expenses Income before tax 4,500,000 3,000,000 1,500,000 1,275,000 X Income from continuing operations Discontinued operation: Loss from disposal of book division, net of tax Net income 675,000 450,000 $