On December 31, 2024, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $10 million. The semiconductor business segment qualifies as a component of the entity according to GAAP. Consider the following additional information:

The book value of the assets of the segment was $8 million.

The loss from operations of the segment during 2024 was $3.6 million.

Pretax income from continuing operations for the year totaled $5.8 million.

The income tax rate is 25%.

Prepare the lower portion of the 2024 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures.