Required Information Problem 13-6AA 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 year-end December 31, 2017, follow Debit Credit 14,900 $ $ 34,900 26,750 44,900 107, 300 a. Interest revenue b. Depreciation expense-Equipment. 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 Problem 13-6 Part 2 2a. What is the amount of income from continuing operations before income taxes? 2b. What is the amount of the income taxes expense? 2c. What is the amount of income from continuing operations? Complete this question by entering your answers in the tabs below. Req2A Req 28 Reg 20 What is the amount of income from continuing operations before income taxes? Income from continuing operations before taxes Req 2B > Problem 13-6 Part 2 2a. What is the amount of income from continuing operations before income taxes? 2b. What is the amount of the income taxes expense? 2c. What is the amount of income from continuing operations? Complete this question by entering your answers in the tabs below. Reg 2 Reg 28 Req 2c What is the amount of the income taxes expense? Income taxes expense ( Req2A Req2C> Problem 13-6 Part 2 2a. What is the amount of income from continuing operations before income taxes? 2b. What is the amount of the income taxes expense? 2c. What is the amount of income from continuing operations? Complete this question by entering your answers in the tabs below. Req 2A Req 2B Reg 2C What is the amount of income from continuing operations? Income from continuing operations after taxes Req 2B Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end D 31, 2017, follow. Debit $ Credit 14,900 $ 34,900 26,750 44,900 107, 308 72,500 44,900 176, 300 a. Interest revenue b. Depreciation expense-Equipment 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 1. Loss from operating a discontinued segment (pretax) 3. 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 taxes expense 9. Cost of goods sold 19, 150 30, 020 1,097,500 52, 900 16,900 38,500 24, 650 491, 500 Problem 13-6 Part 3 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? After-tax income from discontinued segment 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, 2017, follow Debit Credit 14,99 $ 34.900 26,750 . _ 44,900 107, 300E 72,500 44,900 176,300 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) 3. Gain on insurance recovery of tornado damage k. Net Sales 1. Depreciation expense-Buildings . 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 taxes expense 9. Cost of goods sold 19, 150 30, 020 1,607,500 52, 900 16,900 38,500 24,650 491,500 Problem 13-6 Part 4 4. What is the amount of net income for the year? Net income Required Information Problem 13-6AA 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 year-end December 31, 2017, follow Debit Credit 14,900 $ $ 34,900 26,750 44,900 107, 300 a. Interest revenue b. Depreciation expense-Equipment. 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 Problem 13-6 Part 2 2a. What is the amount of income from continuing operations before income taxes? 2b. What is the amount of the income taxes expense? 2c. What is the amount of income from continuing operations? Complete this question by entering your answers in the tabs below. Req2A Req 28 Reg 20 What is the amount of income from continuing operations before income taxes? Income from continuing operations before taxes Req 2B > Problem 13-6 Part 2 2a. What is the amount of income from continuing operations before income taxes? 2b. What is the amount of the income taxes expense? 2c. What is the amount of income from continuing operations? Complete this question by entering your answers in the tabs below. Reg 2 Reg 28 Req 2c What is the amount of the income taxes expense? Income taxes expense ( Req2A Req2C> Problem 13-6 Part 2 2a. What is the amount of income from continuing operations before income taxes? 2b. What is the amount of the income taxes expense? 2c. What is the amount of income from continuing operations? Complete this question by entering your answers in the tabs below. Req 2A Req 2B Reg 2C What is the amount of income from continuing operations? Income from continuing operations after taxes Req 2B Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end D 31, 2017, follow. Debit $ Credit 14,900 $ 34,900 26,750 44,900 107, 308 72,500 44,900 176, 300 a. Interest revenue b. Depreciation expense-Equipment 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 1. Loss from operating a discontinued segment (pretax) 3. 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 taxes expense 9. Cost of goods sold 19, 150 30, 020 1,097,500 52, 900 16,900 38,500 24, 650 491, 500 Problem 13-6 Part 3 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? After-tax income from discontinued segment 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, 2017, follow Debit Credit 14,99 $ 34.900 26,750 . _ 44,900 107, 300E 72,500 44,900 176,300 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) 3. Gain on insurance recovery of tornado damage k. Net Sales 1. Depreciation expense-Buildings . 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 taxes expense 9. Cost of goods sold 19, 150 30, 020 1,607,500 52, 900 16,900 38,500 24,650 491,500 Problem 13-6 Part 4 4. What is the amount of net income for the year? Net income