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LeBron's Bookstores has two divisions books and electronics. The electronics division had another great year in 2021 with net sales of $10.6 million cost of

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LeBron's Bookstores has two divisions books and electronics. The electronics division had another great year in 2021 with net sales of $10.6 million cost of goods sold of $6.3 million operating expenses of $2.5 million, and income tax expense of $425,000 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 $860,000 before taxes and $645,000 after taxes Required: Prepare the multiple-step income statement for LeBron's Bookstores, including the proper reporting for the discontinued book division (Enter your answer in dollars, not millions. (l.e. $5.5 million should be entered as 5,500,000).) LEBRON'S BOOKSTORES Income Statement For the Year Ended December 31, 2021 Net sales Cost of goods sold Operating expenses (Gross profit Operating expenses income before tax Income tax expense Income from continuing operations Discontinued operation Loss from disposal of book division, net of tax Net Income

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