Consider the following:

ACorp has the following:

Earnings from Continuing Operations $2,300,000 Loss from Discontinued Operations $(1,800,000) Net Operating Loss Carryforward of $4,000,000 that has a 100% Valuation Allowance Tax Rate is 21%

1. Calculate the income tax expense/benefit for both Continuing and Discontinued operations.
2. Assume no net operating loss carryforward and calculate the income tax expense/benefit for both Continuing and Discontinued operations