Murica Ltd. has the followina receivables halances (in Millons): Two years ago a customer was approved for an unusually large credit sale of $7M over the objections of the credit and collections department. Shortly after the sale, the customer's business began to deteriorate due to an unexpected recession. To date it has paid only $3M against the order despite the fact that it has consumed all of the material purchased. The collections department has worked diligently to collect the remaining $4M without success. The customer filed for bankruptcy this morning with essentially no assets to pay a large number of creditors. Evaluate the financial statement impact of the bankruptcy on Murica. Assume Murica's product cost is 40% of revenue and the bad-debt reserve of $3M will be fully reestablished. Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2 , not 1,200,000. The pretax loss due to the write off this year: $ | million