223/quizzes/469552/take Question 16 4 p1 Logan Corp.'s trial balance of income statement accounts for the year ended December 31, 2020 included the following: Debit Credit Sales revenue $280,000 Cost of goods sold $170,000 Administrative expenses 40,000 Restructuring Charges 18,000 Loss Due to Labor Strike 16,000 Interest Revenue 10,000 Freight-out 6,000 Loss from discontinued 24,000 operations Bad Debt expense 6,000 Translation Adjustment on 20,000 foreign currency Totals $280.000 $310,000 Logan's income tax rate is 20% On Logan's multiple-step income statement for 2020. income from continuing operations is O $27,200 O $24,000 541,600 O $8.000 30 DOO 000 F4 DU 98 F7 FS DD 59 540 $ 3 % 5 4 6 & 7 8 9 0