! Required information [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 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 $ 15,500 $ 35,500 27,350 45,500 107,900 73,100 45,500 177,500 i. Loss from operating a discontinued segment (pretax) 19,750 j. Gain on insurance recovery of tornado damage k. Net sales 1. Depreciation expense-Buildings 30,620 1,013,500 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 53,500 17,500 41,500 25,250 p. Income tax expense q. Cost of goods sold ? 497,500 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. Loss from operating a discontinued segment Correction of overstatement of prior year's sales Gain on sale of discontinued segment's assets Pretax 30% Tax Effect After-Tax