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How do I calculate the income from operations of discontinued components? On December 31, 2018. the end of the scal year. Revolutionary Industries completed the

How do I calculate the income from operations of discontinued components?

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On December 31, 2018. the end of the scal year. Revolutionary Industries completed the sale of its robotics business for $10.6 million. The business segment qualies as a component of the entity according to GAAP. The book value of the assets of the segment was $7.8 million. The income from operations of the segment during 2018 was $4.8 million. Pretax income from continuing operations for the year totaled $128 million. The income tax rate is 40%. Prepare the lower portion of the 2018 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures. {Amounts to be deducted and negative amounts should be indicated with a minus sign. Enter your answers in whole dollars.) Income from continuing operations before income taxes $ 12,800,000 5.120.000 Discontinued operations: _ Income from operations of cisoonn ued oomponent _ _ ncome from discontinued operations

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