Required information Problem 17-6AA (Algo) 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 follow. Assume that the company's income tax rate is 30% for all items. 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 Debit Credit $ 15,600 $ 35,600 27,450 45,600 108,000 73,200 45,600 177,700 1. Loss from operating a discontinued segment (pretax) 19,850 j. Gain on insurance recovery of tornado damage 30,720 k. Net sales 1,014,500 1. Depreciation expense-Buildings 53,600 m. Correction of overstatement of prior year's sales (pretax) 17,600 n. Gain on sale of discontinued segment's assets (pretax) 42,000 o. Loss from settlement of lawsuit 25,350 p. Income tax expense q. Cost of goods sold 2 498,500