On May $1,$ Foxtrot Company agreed to sell the assets of its Footwear Division to Albanese Incorporated for $$80$ million. The sale was completed on December $31,2024.$

The following additional facts pertain to the transaction:

The Footwear Division qualifies as a component of the entity according to GAAP regarding discontinued operations.

The book value of Footwear's assets totaled $$48$ million on the date of the sale.

Footwear's operating income was a pre$-$tax loss of $$10$ million in $2024.$

Foxtrot's income tax rate is $25\%.$

In the income statement for the year ended December $31,2024,$ Foxtrot Company would report income from discontinued operations of:

$$16\mathrm{.}5$ million.

$$24\mathrm{.}5$ million.

$$22\mathrm{.}0$ million.

$$14\mathrm{.}0$ million.$$16\mathrm{.}5$ million.

$$24\mathrm{.}5$ million.

$$22\mathrm{.}0$ million.

$$14\mathrm{.}0$ million.

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