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 $19 million. The loss from operations of the segment during 2018 was $3.20 million. Pretax income from continuing operations for the year totaled $6.90 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 $16 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$6,900,000 Income tax expense (2,760,000) ncome from continuing operations Discontinued operations: 4,140,000 Loss from discontinued component Income tax benefit (6,200,000) Loss on discontinued operations Net income (6,200,000)