Hello I really need a detailed (dumbed down version) on how to do the problem it has the solution to it already so i just need a very detailed explanation thank you!

Exercise (Discontinued operations [LO4-4]) On December 31, 2017, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $16 million. The business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $15 million. The loss from operations of the segment during 2017 was $3.9 million. Pretax income from continuing operations for the year totaled $5.8 million. The income tax rate is 30%. Prepare the lower portion of the income statement, starting with pretax income from continuing operations.

Income from Continuing Operations Before Tax

5.80

Income Tax Expense (5.80 * 0.30)

(1.74)

Income from Continuing Operations

4.06

Discontinued Operations, net of tax:

Loss from operations of discontinued segment (3.9 * (1-.3))

(2.73)

Gain on sale of discontinued segment ((16-15) * (1-.3))

0.70

Loss on Discontinued Operations

(2.03)

Net income

2.03

Now, suppose that the segment was not sold, but was instead held-for-sale. The fair value of the assets, less costs to sell, was $10 million.Calculate the gain (loss) on discontinued operations and net income.

Income from Continuing Operations

4.06

Discontinued Operations, net of tax:

Loss from operations of discontinued segment (3.9 * (1-.3))

(2.73)

Impairment of discontinued segment ((10-15) * (1-.3))

(3.50)

Loss on Discontinued Operations

(6.23)

Net income

(2.17)

Now, suppose the fair value of the assets, less cost to sell was $20 million. Calculate the gain (loss) on discontinued operations and net income.

Income from Continuing Operations

4.06

Discontinued Operations, net of tax:

Loss from operations of discontinued segment (3.9 * (1-.3))

(2.73)

Loss on Discontinued Operations

(2.73)

Net income

1.33