Brighton Bookstores has two divisions: books and electronics. The electronics division had another great year in $2024$ with net sales of $$10\mathrm{.}2$ million, cost of goods sold of $$6\mathrm{.}1$ million, operating expenses of $$2\mathrm{.}2$ million, and income tax expense of $$475,000.$ 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 $$820,000$ before taxes and $$615,000$ after taxes.

$3$

Required:

points

Prepare the multiple$-$step income statement for Brighton Bookstores, including the proper reporting for the discontinued book division.

Note: Enter your answers in dollars, not millions. $($i$.$e$.,$ $$5\mathrm{.}5$ million should be entered as $5,500,000).$

$\backslash$table$[[$BRIGHTON BOOKSTORES$],[$For the Year Ended December $31,2024,],[,],[,],[,],[$Gross profit,$],[,],[$Income before tax,$],[,],[,],[$Discontinued operation:,$],[,]]$