The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $13 million. The loss from operations of the segment during 2018 was $4.8 million. Pretax income from continuing operations for the year totaled $7.8 million The income tax rate is 40%. Assume that the semiconductor segment was not sold during 2018 but was held for sale at year-end. The estimated fair value of the segment's assets, less costs to sell, on December 31 was $15 million Prepare the lower portion of the 2018 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures. (Amounts to be deducted and negative amounts should be indicated with a minus sign. Enter your answers in whole dollars.) CALIFORNIA MICROTECH CORPORATION Partial Income Statement For the Year Ended December 31, 2018 Income from continuing operations before income taxes Discontinued operations: On December 31, 2018, the end of the fiscal year, California Microteech Corporation completed the sale of its semiconductor business for $14 million. The business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $13 million. The loss from operations of the segment during 2018 was $3.8 million. Pretax income from continuing operations for the year totaled $6.0 million. The income tax rate is 40% Prepare the lower portion of the 2018 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures. (Amounts to be deducted and negative amounts should be indicated with a minus sign. Enter your answers in whole dollars.) CALIFORNIA MICROTECH CORPORATION Partial Income Statement For the Year Ended December 31, 2018 Income from continuing operations before income taxes 6,000,000 Income tax expense 2,400,000 Income from continuing operations 3,600,000 Discontinued operations: Gain from operations of discontinued component (4,800,000) Income tax expense 1,920,000 Gain on discontinued operations (2,880,000)