13.1 Sustainable Income and Quality of Earnings Based on the following income statement information, what is the income tax rate? Income from continuing operations Discontinued operations Loss from operations of Western Division, net of $70,000 income tax saving Net income $825,000 130,000 $695,000 O 15.8% O 24.2% O 35% O 65% Hint Assistance Used Begin by calculating the total amount of the pretax loss