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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

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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 exist9 million. The loss from operations of the segment during 2016 was exist3.7 million. Pretax income from continuing operations for the year totaled exist64 million. The income tax rate is 30%. Assume that the semiconductor segment was not sold during 2016 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 exist11 million. Prepare the lower portion of the 2016 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.)

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