1. What is the amount of income from continuing operations before income taxes?

2. What is the amount of the income taxes expense?

3. What is the amount of income from continuing operations?

4. What is the total amount of after-tax income (loss) associated with the discontinued segment?

5. What is the amount of net income for the year?

Tax Rate is 40% on all items

Required information The following information applies to the questions displayed below.] Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31, 2017, follow Credit $15,700 Debit a. Interest revenue b. Depreciation expense-Equipment. c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment g. Gain from settlement of lawsuit h. Accumulated depreciation-Buildings 1. Loss from operating a discontinued segment (pretax) j. Gain on insurance recovery of tornado damage k. Net sales 1. Depreciation expense-Buildings m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) o. Loss from settlement of lawsuit p. Income taxes expense q. Cost of goods sold $ 35,700 27,550 45,700 108,100 73,300 45,700 177,900 19,950 30,820 1,015,500 53,700 17,700 25,450 499,500 42,500