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It tells me the loss from discontinued component is wrong and I dont understand why, can someone check everything for me please? Thank you! Brief

image text in transcribedIt tells me the loss from discontinued component is wrong and I dont understand why, can someone check everything for me please? Thank you!
Brief Exercise 4-8 Discontinued operations [LO4-4] The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAAP. The value of the assets of the segment was $13 million. The loss from operations of the segment during 2018 was $4.8 milion. Pretax income from continuing operations for the year totaled $78 million. The income tax rate is 40%. Assume that the semicondu segment was not sold during 2018 but was held for sale at year-en sell, on December 31 was $15 million. d. The estimated fair value of the segment's assets, less costs to Prepare the lower portion of the 2018 income statement beginning with pretax Income from continuing operations. disclosures. (Amounts to be deducted and negative amounts should be Indicated whole dollars.) with a minus sign. Enter your answers in CALIFORNIA MICROTECH CORPORATION Partial Income Statement For the Year Ended D 31, 2018 Income from ncome tax expense continuing operations before income taxes (3,120,000) $ 4,680,000 Discontinued operations (2,800,000) 1,120,000 (1,680,000) $ 3,000,000 Loss from discontinued component Income tax benefit Loss on discontinued operations Net income

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