1__

Major Co. repored 2021 income of $303,000 from conining operaions before income aes and a before-a loss on disconined operaions of $65,000. All income is sbjec o a 25% a rae. In he income saemen for he ear ended December 31, 2021, Major Co. old sho he folloing line-iem amons for income a epense and ne income:

A)$75,750 and $238,000 respeciel.

B)$75,750 and $178,500 respeciel.

C)$59,500 and $368,000 respeciel.

2___

Dring is 2021 fiscal ear, Jacobsen Corporaion repored a before-a income of $626,000. This amon does no inclde he folloing o iems, boh of hich are considered o be maerial in an amon:

Unsal gain $ 206,000 Loss on disconined operaions (306,000)

The compan's income a rae is 25%.

Jacobsen Corporaion prepares is financial saemens b appling U.S. GAAP. In is 2021 income saemen, Jacobsen old repor income from conining operaions of

A)$469,500

B)$399,500

C)$624,000

D)$626,000