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. Assume that the company's income tax rate is 30% for all items. 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 i. Loss from operating a discontinued segment (pretax) j. 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) $ 14,000 $ 34,000 25,850 44,000 106,400 71,600 44,000 174,500 18,250 20,000 998,000 52,000 16,000 34,000 o. Loss from settlement of lawsuit 23,250 p. Income tax expense q. Cost of goods sold ? 482,500 20. 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 Req 2B Req 2C What is the amount of income from continuing operations before income taxes? Income from continuing operations before taxes Req 2A Req 2B > ! 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. Assume that the company's income tax rate is 30% for all items. 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 j. Gain on insurance recovery of tornado damage $ 14,000 $ 34,000 25,850 44,000 106,400 71,600 44,000 174,500 i. Loss from operating a discontinued segment (pretax) 18,250 20,000 k. Net sales 998,000 1. Depreciation expense-Buildings m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) 52,000 16,000 34,000 o. Loss from settlement of lawsuit 23,250 p. Income tax expense q. Cost of goods sold. ? 482,500 20. 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 Req 2B Req 2C What is the amount of the income taxes expense? Income tax expense < Req 2A Req 2C 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. Assume that the company's income tax rate is 30% for all items. 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 $ 14,000 $ 34,000 25,850 44,000 106,400 71,600 44,000 174,500 i. Loss from operating a discontinued segment (pretax) 18,250 j. Gain on insurance recovery of tornado damage k. Net sales 1. Depreciation expense-Buildings 20,000 998,000 52,000 m. Correction of overstatement of prior year's sales (pretax) 16,000 n. Gain on sale of discontinued segment's assets (pretax) 34,000 o. Loss from settlement of lawsuit 23,250 p. Income tax expense q. Cost of goods sold ? 482,500 20. 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 Req 2B Req 2C What is the amount of income from continuing operations? Income from continuing operations after taxes < Req 2B Req 2C >