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Caffeine Bookstores has two divisions: books and electronics. The electronics division had another great year in 2 0 2 4 with net sales of $

Caffeine Bookstores has two divisions: books and electronics. The electronics division had another great year in 2024 with net sales of $9.9 million, cost of goods sold of $5.95 million, operating expenses of $1.9 million, and income tax expense of $512,500. 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 $790,000 before taxes and $592,500 after taxes.
Required:
Prepare the multiple-step income statement for Caffeine 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).)
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