17 lock A company has two divisions: books and electronics. The electronics division had another great year in 2024 with net sales of $9.9 million, cost of goods sold of $5.95 million, operating expenses of $1.9 million, and income tax expense of $512,500. The book division did not do as well and was sold during the year. The loss from operations and sale of the book division was $790,000 before taxes and $592,500 after taxes. Required: Prepare the multiple-step income statement for the company, including the proper reporting for the discontinued book division. (Enter your answer in dollars, not millions. (e., $5.5 million should be entered as 5,500,000).) A COMPANY Income Statement For the Year Ended December 31, 2024 Gross profit Income before tax- Discontinued operation