Question: Please show me how you solved for the answer step by step! Thanks! On December 31, 2018, the end of the fiscal year, Revolutionary Industries

Please show me how you solved for the answer step by

Please show me how you solved for the answer step by step! Thanks!

On December 31, 2018, the end of the fiscal year, Revolutionary Industries completed the sale of its robotics business for $9 million. The business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $7 million. The income from operations of the segment during 2018 was $4 million. Pretax income from continuing operations for the year totaled $12 million. The income tax rate is 40%. Prepare the lower portion of the 2018 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures. (Amounts to be deducted and negative amounts should be indicated with a minus sign. Enter your answers in whole dollars.) 10. REVOLUTIONARY INDUSTRIES Partial Income Statement For the Year Ended December 31, 2018 Income from continuing operations before income taxes points Print Discontinued operations

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