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Current Attempt in Progress On September 1, 2026, Ivanhoe Furniture Mart enters into a tentative agreement to sell the assets of its Flint Furniture division. This division qualifies as a component of the entity according to GAAP regarding discontinued operations. The division's contribution to Ivanhoe's operating income for 2026 was a $3.4 million loss before income tax. Ivanhoe has an average tax rate of 20%. Assume that Ivanhoe sold the division's assets on December 31, 2026, for $24.4 million. The book value of the division's assets was $19.7 million at that date. What would Ivanhoe report in its 2026 income statement regarding the Flint Furniture division. (Round answer to 2 decimal places, eg. 52.75.) Ivanhoe would report $ Save for Later million. Attempts: 0 of 1 used Submit Answer

On September 1, 2026, Ivanhoe Furniture Mart enters into a tentative agreement to sell the assets of its Flint Furniture division. This division qualifies as a component of the entity according to GAAP regarding discontinued operations. The division's contribution to Ivanhoe's operating income for 2026 was a $3.4 million loss before income tax. Ivanhoe has an average tax rate of 20%. Assume that Ivanhoe sold the division's assets on December 31,2026 , for $24.4 million. The book value of the division's assets was $19.7 million at that date. What would Ivanhoe report in its 2026 income statement regarding the Flint Furniture division. (Round answer to 2 decimal places, e.8. 52.75 .) Ivanhoe would report\$ million

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