5 LeBron's Bookstores has two divisions: books and electronics. The electronics division had another great year in 2021 with net sales of $9.8 million cost of goods sold of $5.9 million, operating expenses of $1.8 million, and income tax expense of $525,000. 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 $780.000 before taxes and $585,000 after taxes. Required: Prepare the multiple-step income statement for LeBron's Bookstores, including the proper reporting for the discontinued book division (Enter your answer in dollars, not millions. (l.e., $5.5 million should be entered as 5,500,000).) 3:22:28 Answer is not complete. LEBRON'S BOOKSTORES Income Statement For the Year Ended December 31, 2021 Net sales Cost of goods sold s O 590,000 180,000 > Gross profit Operating expenses Income tax expense > Discontinued operation: Loss from disposal of book division, net of tax Net income (585,000) 9 Next