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The Skywalker Corporation finalized the sale of its droid manufacturing division for $ 1 2 . 0 million on December 3 1 , 2 0

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The Skywalker Corporation finalized the sale of its droid manufacturing division for $12.0 million on December 31,2024, at the close of the fiscal year. The droid manufacturing business segment qualifies as a component of the entity, according to GAAP. Consider the following additional information:
The book value of the assets of the segment was $8.5 million at the time of the sale.
The income from operations of the segment during 2024 was $5.5 million.
Pretax income from other continuing operations for the year totaled $13.5 million.
The income tax rate is 25%.
Prepare the lower portion of the 2024 income statement beginning with income from continuing operations before income taxes. Note: Loss 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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