me following information pertains to Maynard Corporation's income statement for the 12 months just ended. The company has an effective income tax rate of 400 $70,000) Loss on discontinued operations Error in the previous year's income statement discovered during the current period Income from continuing operations (net of tax) Cumulative effect of change in accounting principle Maynard's net income for the year is (90,000) 72,000 60,000 O $36.000 O $30,000 $44,000 O $2,000