On December $31,2024,$ the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $$20$ 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 $$18$ million.

The loss from operations of the segment during $2024$ was $$4\mathrm{.}5$ million.

Pretax income from other continuing operations for the year totaled $$7\mathrm{.}2$ 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.$

$\backslash$table$[[$CALIFORNIA MICROTECH CORPORATION$],[$Partial Income Statement$],[$For the Year Ended December $31,2024],[$Income from continuing operations before income taxes,$$,7,200,000$