On December $31,2024,$ the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business

for $$12$ million. The semiconductor 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 at the time of the sale was $$10$ million.

The loss from operations of the segment during $2024$ was $$3\mathrm{.}7$ million.

Pretax income from other continuing operations for the year totaled $$5\mathrm{.}9$ million.

The income tax rate is $25\%.$

Prepare the lower portion of the $2024$ 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.$

Answer is complete but not entirely correct.