Question 7 10 out of 10 points Tom Brown, controller of Microbiology Labs, informs you that the company has sold a segment of its business. Mr. Brown also provides you with the following information for 2021: Continuing Operations Discontinued Segment Sales $10,000,000 $850,000 Cost of goods sold 2,500,000 600,000 Operating expenses 750,000 100,000 Loss on disposal of plant assets 60,000 Gain on disposal of segment 250,000 The following information is not reflected in any of the above amounts: a. Microbiology Labs is subject to a 25 percent tax rate. b. During 2021, Microbiology Labs retired outstanding bonds that were to mature in 2023. The company incurred a loss of $80,000 on the retirement of the bonds. c. Microbiology Labs owns several apple orchards as part of its operations. During 2021, the company's apple crop was destroyed by an infestation of a rare insect. This loss totaled $800,000. d. Two million shares of common stock were outstanding throughout 2021. INSTRUCTIONS: Prepare an income statement for the year ended December 31, 2021, including the recommended earnings-per-share disclosures. Required: After completing Problem 13-9 provide the following answers in whole numbers with commas and with no decimal places or dollar signs. Negative amounts or Losses should be listed in parenthesis. From the Income Statement, what amount is the Income from operations? Selected Answer: 6,750,000