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REVOLUTIONARY INDUSTRIES Partial Income Statement For the Year Ended December 31, 2021 Income from continuing operations before income taxes Gain on sale of asset Income

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REVOLUTIONARY INDUSTRIES Partial Income Statement For the Year Ended December 31, 2021 Income from continuing operations before income taxes Gain on sale of asset Income from operations of discontinued component Income tax benefit Income tax expense Loss from operations of discontinued component Net income (loss) REVOLUTIONARY INDUSTRIES Partial Income Statement For the Year Ended December 31, 2021 Income from continuing operations before income taxes Gain on sale of asset Income from operations of discontinued component Income tax benefit Income tax expense 0 Loss from operations of discontinued component REVOLUTIONARY INDUSTRIES Partial Income Statement For the Year Ended December 31, 2021 Income from continuing operations before income taxes Gain on sale of asset Income from operations of discontinued component Income tax benefit Income tax expense Loss from operations of discontinued component REVOLUTIONARY INDUSTRIES Partial Income Statement For the Year Ended December 31, 2021 Income from continuing operations before income taxes Income from continuing operations Discontinued operations: 0 Gain on sale of asset Income from operations of discontinued component Income tax benefit Income tax expense Loss from operations of discontinued component REVOLUTIONARY INDUSTRIES Partial Income Statement For the Year Ended December 31, 2021 Gain on sale of asset Income from operations of discontinued component Income tax benefit Income tax expense Loss from operations of discontinued component 0 Income (loss) on discontinued operations Net income (loss) On December 31, 2021, the end of the fiscal year, Revolutionary Industries completed the sale of its robotics business for $9 million The robotics business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $7 million. The income from operations of the segment during 2021 was $4 million. Pretax income from continuing operations for the year totaled $12 million. The income tax rate is 25% Prepare the lower portion of the 2021 income statement beginning with income from continuing operations before income taxes. Ignore EPS disclosures. (Amounts to be deducted and negative amounts should be indicated with a minus sign. Enter your answers in whole dollars and not in millions. For example, $4,000,000 rather than $4.)

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