Answer Happy

Kobe's Clinics provides health services and career counseling. Net income from the health services business this year is $13 million after tax. During the year, Kobe's Clinics sold the career counseling side of the business at a loss after tax of $5.6 million. Show how Kobe's Clinics would report this loss in the income statement, beginning with income from continuing operations of $13 million. (Enter your answers in dollars, not millions (i.e., $5.5 million should be entered as 5,500,000).) Income from continuing operations Discontinued operation: Loss from sale of the career counseling division, net of tax