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[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.

		Debit			Credit
a.	Interest revenue				$	15,100
b.	Depreciation expenseEquipment	$	35,100
c.	Loss on sale of equipment		26,950
d.	Accounts payable					45,100
e.	Other operating expenses		107,500
f.	Accumulated depreciationEquipment					72,700
g.	Gain from settlement of lawsuit					45,100
h.	Accumulated depreciationBuildings					176,700
i.	Loss from operating a discontinued segment (pretax)		19,350
j.	Gain on insurance recovery of tornado damage					30,220
k.	Net sales					1,009,500
l.	Depreciation expenseBuildings		53,100
m.	Correction of overstatement of prior years sales (pretax)		17,100
n.	Gain on sale of discontinued segments assets (pretax)					39,500
o.	Loss from settlement of lawsuit		24,850
p.	Income tax expense		?
q.	Cost of goods sold		493,500

Required: 1. Assume that the company's income tax rate is 30% for all items. Compute the tax effects and after-tax amounts of the three items labeled pretax. Pretax 30% Tax Effect After-Tax Loss from operating a discontinued segment Correction of overstatement of prior year's sales Gain on sale of discontinued segment's assets 2a. What is the amount of income from continuing operations before income taxes? 2b. What is the amount of the income tax expense? 2c. What is the amount of income from continuing operations? Complete this question by entering your answers in the tabs below. Req 2A Reg 2B Req 20 What is the amount of income from continuing operations before income taxes? Income from continuing operations before taxes Req 2A Req 2B Req 2c What is the amount of the income tax expense? Income tax expense Req 2A Req 2B Req 20 What is the amount of income from continuing operations? Income from continuing operations after taxes