Question #14 20 Torres Company has prepared the top half of the income statement and computed income befo taxes to be $410,000. The following accounts, balances, and other information are taken from t company's accounting records on December 31. All balances are before tax 11.200 Loss fom Severe Bizzad 16,000 Accounts Receivable Change in Accounting for Depreciable | Assets | Loss on Bond Retirement 10,0001 18,400 40,700 43% Depreciation Expense 26,000 Prior Period Adjustment Gain on Disposal of Segment19,500 Income tax rate Loss from Operations of Discontinued Segment 44,000 .Additional information The severe blizzard is unusual, but not infrequent The bond retirement is considered infrequent and unusual The change in accounting for depreciable assets went from the double-declining-balance method to the straight-line method Consider all amounts to be material