Merrell Corporation discontinued a component of its business on October $17.$ For the year, the discontinued component had operating income of $$4,000,000.$ At the time of the sale, the assets of the discontinued component had book values of $$10,000,000$ and were sold for $$12,000,000.$ Income from operations of the continuing parts of the company were $$14,000,000$ for the year. Assuming a $40\%$ tax rate, what amount would Merrell report as income from discontinued operations?