Book Hint Espresso Bookstores has two divisions: books and electronics. The electronics division had another great year in 2024 with net sales of $10.5 million, cost of goods sold of $6.25 million, operating expenses of $2.5 million, and income tax expense of $437,500. 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 $850,000 before taxes and $637,500 after taxes. Required: Prepare the multiple-step income statement for Espresso Bookstores, including the proper reporting for the discontinued book division. (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).) ESPRESSO BOOKSTORES Income Statement For the Year Ended December 31, 2024 Print 0 erences Gross profit Income before tax Discontinued operation