On December 31, 2021, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $15 million. The semiconductor business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $12 million. The loss from operations of the segment during 2021 was $4.5 million. Pretax income from continuing operations for the year totaled $6.6 million. The income tax rate is 25%.