1. Presented below is certain information pertaining to Dulcinea, Inc. for the year ended December 31, 2022. Dulcineas income tax rate is 30%.

	Debit	Credit
Sales revenue		510,000
Cost of goods sold	340,000
Administrative expenses	90,000
Loss on sale of equipment	10,000
Sales commission expense	44,000
Interest revenue		19,000
Correction of error in depreciation
from 2021	7,000
Effect of change in accounting Principle from LIFO to FIFO		23,000
Bad debt expense	18,000
Gain from discontinued operations		32,000

Required:

Calculate Income from Continuing Operations for 2022.