Check my w 10 [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 Part 2 of 4 Debit Credit 15,20 $ $ 35,200 27,ese 45,200 points 107,6ee 176,90 a. Interest revenue b. Depreciation expense-Equipment. C. LOSS on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation Equipment 8. Gain from settlement of Lawsuit h. Accumulated depreciation Buildings 1. Loss from operating a discontinued seprent (pretax) 3. Gain on Insurance recovery of tornado damage k. Net sales 1. Depreciation expense-Buildings . 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 9. cost of goods sold 19,450 30,328 1,010,5ee 53,200 17,200 40.000 24,95e 494, see References Problem 13-6 Part 2 20. What is the amount of income from continuing operations before income taxes? 2b. What is the amount of the income taxes expense? 2c. What is the amount of income from continuing operations? Complete this question by entering your answers in the tabs below. Debit $ Credit 15,200 $ 35,200 27,85e Part 1 of 4 45,200 107,600 72,800 45,200 176,980 a. Interest revenue b. Depreciation expense-Equipment. C. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment 6. Gain from settlement of lawsuit h. Accumulated depreciation Buildings 1. Loss from operating a discontinued segment (pretax) 3. Gain on Insurance recovery of tornado damage k. Net sales 1. Depreciation expense-buildings . Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued se prent's assets (pretax) 0. Loss from settlement of lawsuit P. Income taxes expense 9. cost of goods sold 19,450 Je, 320 1,010, see 53,200 17,200 40,000 24,950 494,500 Problem 13.6 Part 1 Required: 1. Assume that the company's income tax rate is 30% for all items. Compute the tax effects and after tax amounts of the three items labeled pretax. Answer is complete and correct. Loss from operating a discontinued segment Correction of overstatement of prior year's Pretax 19,450 17,200 40,000 30% Tax Effect 5,835 5,160 2,000 After-Tax 13,615 12,040 28,000 Gain on sale of discontinued segments