On December 31, the end of the current fiscal year, a US company completed the sale of one business segment for $9.8 million. We know that the business segment qualifies as a component of thecompany, according to GAAP. Pleasealso consider the following additional information: The book value of the assets of the segment was $7.4 million at the time of the sale. The income from operations of the segment during the current year was $4.4 million Pretax income from other continuing operations for the year totaled $12.4 million. The income tax rate is 25% Pleaseprepare the lower portion of the current year income statement beginning with income from continuing operations before income taxes. Note: Loss amounts should be indicated with a minus sign. Enter your answers in whole dollars and not in millions. For exemple, $4,000,000 rather than $4. A Company Partial Income Statement For the Year Ended December 31, Current Year Income from continuing operations before income taxes Income from continuing operations Discontinued operations