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Required Information Problem 136AA Income statement computations and format LO A2 {The following information applies to the questions displayed below.) Selected account balances from the

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Required Information Problem 136AA Income statement computations and format LO A2 {The following information applies to the questions displayed below.) Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar yearend December 31, 2017, follow Debit Credit 14,900 $ $ 34,900 26,750 44,900 107, 300 a. Interest revenue b. Depreciation expenseEquipment. c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation Equipment 9. Gain from settlement of lawsuit h. Accumulated depreciation Buildings i. LOSS from operating a discontinued segment (pretax) 1. 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) 0. LOSS from settlement of lawsuit p. Income taxes expense 9. Cost of goods sold 72,500 44,900 176,300 19, 150 30, 020 1,007,500 52,900 16,900 38,500 24,650 491, 500

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