On December 31, 2018, the end of the fiscal year, Revolutionary Industries completed the sale of its robotics business for $9 million. The business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $7 million. The income from operations of the segment during 2018 was $4 million. Pretax income from continuing operations for the year totaled $12 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 dollers.) REVOLUTIONARY INDUSTRIES Partial Income Statement For the Year Ended 31, 2018 income from continuing operations before income taxes $ 12,000,000 4,800,000 tax expense Income from continuing operations Discontinued operations S 7,200,000 Income from operations of discontinued component income tax expense ncome tiom discontinued operations Net income 4,000,000