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ed [The following information applies to the questions displayed below] Selected account balances from the adjusted trial balance for Olinda Corporation as of its
ed [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 follow. 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 Debit Credit $ 15,700 $ 35,700 27,550 45,700 108,100 73,300 45,700 1. Loss from operating a discontinued segment (pretax) 177,900 19,950 j. Gain on insurance recovery of tornado damage k. Net sales 30,820 1,015,500 1. Depreciation expense-Buildings 53,700 m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) 17,700 42,500 o. Loss from settlement of lawsuit 25,450 p. Income tax expense q. Cost of goods sold ? 499,500 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? After-tax income from discontinued segment 13,550
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