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Brief Exercise 4 - 6 ( Algo ) Discontinued operations [ LO 4 - 4 ] On December 3 1 , 2 0 2 4

Brief Exercise 4-6(Algo) Discontinued operations [LO4-4]
On December 31,2024, the end of the fiscal year, Revolutionary Industries completed the sale of its robotics business for $12.4 million. The robotics business segment qualifies as a component of the entity, according to GAAP. Consider the following additional information:
The book value of the assets of the segment was $8.7 million at the time of the sale.
The income from operations of the segment during 2024 was $5.7 million.
Pretax income from other continuing operations for the year totaled $13.7 million.
The income tax rate is 25%.
Prepare the lower portion of the 2024 income statement beginning with income from continuing operations before income taxes. Note: Loss amounts should be indicated with a minus sign. Enter your answers in whole dollars and not in millions. For example, $4,000,000 rather than $4.
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