On December $31,2024,$ the end of the fiscal year, Standard Microchip Corporation held its semiconductor business for sale at year$-$end. The semiconductor business segment qualifies as a component of the entity according to GAAP. Consider the following additional information:

Estimated fair value of the segment's assets, less costs to sell, on December $31$

Book value of the assets of the segment at the time of the sale

$$6,000,000$

Loss from operations of the segment during $2024$

$4,800,000$

Pretax income from other continuing operations for the year

$3,900,000$

Income tax rate

$6,840,000$

$25\%$

Prepare the lower portion of the $2024$ income statement beginning with income from continuing operations before income taxes.

Formulas for expenses and losses must return a negative value.

STANDARD MICROCHIP CORPORATION

Partial Income Statement

For the Year Ended December $31,2024$

Income from continuing operations before income taxes

Income tax expense

Income from continuing operations

Discontinued operations:

$\backslash$table$[[$$$6,840,000$