Refer to the situation described in BE 4–8. Assume instead that the estimated fair value of the segment’s assets, less costs to sell, on December 31 was $7 million rather than $10 million. Prepare the lower portion of the 2024 income statement beginning with income from continuing operations before income taxes.

Data from in BE 4-8

Assume that the semiconductor segment was not sold during 2024 but was held for sale at year-end. The estimated fair value of the segment’s assets, less costs to sell, on December 31 was $10 million. Prepare the lower portion of the 2024 income statement beginning with income from continuing operations before income taxes.