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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.

$\backslash$table$[[$a$.$ Interest revenue,Debit,Credit$],[$b$.$ Depreciation expense$-$Equipment,$$15,900,],[$c$.$ Loss on sale of equipment,$35,900,],[$d$.$ Accounts payable,$27,750,],[$e$.$ Other operating expenses,$108,300,45,900],[$f$.$ Accumulated depreciation$-$Equipment,$73,500,],[$g$.$ Gain from settlement of lawsuit,$45,900,],[$h$.$ Accumulated depreciation$-$Buildings,$178,300,],[$i$.$ Loss from operating a discontinued segment $($pretax$),,150,],[$j$.$ Gain on insurance recovery of tornado damage,$31,020,],[$k$.$ Net sales,$17,900,],[$l$.$ Depreciation expense$-$Buildings,$25,650,],[$m$.$ Correction of overstatement of prior year's sales $($pretax$),1,017,500,],[$n$.$ Gain on sale of discontinued segment's assets $($pretax$),,],[$o$.$ Loss from settlement of lawsuit,$501,500,43,500],[$p$.$ Income tax expense,,$]]$

$2$a$.$ What is the amount of income from continuing operations before income taxes?

$2b.$ What is the amount of the income tax expense?

$2$c$.$ What is the amount of income from continuing operations?

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Req $2$ A

Req $2$C

What is the amount of income from continuing operations before income taxes?

Income from continuina operations before taxes

$3.$ What is the total amount of after tax income $($loss$)$ associated with the discontonued segment?

$4.$ What is the amount of net income for the year?