On December 31, 2024, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $18 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 at the time of the sale was $17 million.

The loss from operations of the segment during 2024 was $3.2 million.

Pretax income from other continuing operations for the year totaled $6.0 million.

The income tax rate is 25%.

Prepare the lower portion of the 2024 income statement beginning with income from continuing operations before income taxes.