Selected comparative financial statement information of Bluegrass Corporation follows.
BLUEGRASS CORPORATION
Comparative Income Statements
For Years Ended December 31, 2016, 2015, and 2014

Required
Answer each of the following questions by providing supporting computations.
1. Assume that the company's income tax rate is 25% for all items. Identify the tax effects and after-tax amounts of the three items labeled pretax.
2. What is the amount of income from continuing operations before income taxes? What is the amount of income taxes expense? What is the amount of income from continuing operations?
3. What is the total amount of after-tax income (loss) associated with the discontinued segment?
4. What is the amount of net income for the year?

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2016 2015 2014 Sales . Cost of goods sold. Gross profit Selling expenses Administrative expenses . Total expenses Income before taxes Income taxes Net income .108,890 86,175 66,200 89,910 79,825 77,600 22,680 19,790 18,000 15,700 33,700 50,47045,425 43,900 5,300 44,420 $ 39,515 $ 38,600 16.760 39.440 14,610 34,400 6.050 5.910