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Please explain how you got the answer. Thank you! ! Required information The following information applies to the questions displayed below.) Selected account balances from

Please explain how you got the answer. Thank you!

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! Required information 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. Debit Credit 14,500 $ $ 34,500 26,350 44,500 106,900 72,100 44,500 175,500 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 i. Loss from operating a discontinued segment (pretax) j. Gain on insurance recovery of tornado damage k. Net sales 1. Depreciation expense-Buildings m. 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 tax expense q. Cost of goods sold 18,750 29,620 1,003,500 52,500 16,500 36,500 24,250 ? 487,500 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? After-tax income from discontinued segment

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