Brighton Bookstores has two divisions: books and electronics. The electronics division had another great year in 2024 with net sales of $9.0 million, cost of goods sold of $5.5 million, operating expenses of $1 million, and income tax expense of $625,000. 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 $700,000 before taxes and $525,000 after taxes. Required: 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. (1.e., $5,5 million should be entered as 5,500,000 )