On September $1,2024,$ Jacob Furniture Mart enters into a tentative agreement to sell the assets of its Office Furniture division. This division qualifies as a component of the entity according to GAAP regarding discontinued operations. The division$$s contribution to Jacob$$s operating income for $2024$ was a $$3$ million loss before income tax.$$

Assume that Jacob had not yet sold the division$$s assets by the end of $2024.$ Further, assume that the fair value less cost to sell of the division$$s assets on December $31,2024,$ was $$12$ million and was expected to remain the same when the assets are sold in $2025.$ The book value of the division$$s assets was $$19$ million at the end of $2024.$

Jacob furniture mart$$s income from continuing operations before taxes was $$8,000,000.$ Jacob has an income tax rate of $25\%.$

Prepare the december $31,2024$ partial income statement for jacob$$s furniture mart starting with income from continuing operations before taxes. Amounts to be deducted should be indicated with a negative sign or parentheses.