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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

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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 5 15,100 $ 35,100 26.950 45,100 107,500 72,700 45.100 176,700 . Interest revenue b. Depreciation expense-Equipment c. Toas on sale of equipment d. Accounts payable e. Other operating expenses t. Accumulated depreciation Equipment 9. Gain from settlement of lawsuit h. Accumulated depreciation buildings 1. Lors from operating a discontinued segment (pretax) 3. Gain on norance recovery of tornado damage X. Net sales 1. Depreciation expense-buildings . Correction of overstatement of prior year's sales (pretax) ni Cain on sale of discontinued segment asset (preta) o. Los from settlement of lovit D. Income tax expense 9. Cost of yoods sold 19,350 50,220 1,009,500 53.100 17,100 39,500 24,850 2 493,500 20. What is the amount of income from continuing operations before income taxes? 2b. Who is the amount of the income tax expense? 2. What is the amount of income from continuing operations? 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. Reg 2A Req 28 Reg 20 What is the amount of income from continuing operations before income taxes? Income from continuing operations before taxes 315,680 Reaza Req 28 > 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. Reg 2 Req 28 Req 20 What is the amount of the income tax expense? Income tax expense 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. Reg 2A Reg 28 Bbq 2c What is the amount of income from continuing operations? Income from continuing operations after taxes

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