Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31, 2017, follow.

		Debit			Credit
a.	Interest revenue				$	15,600
b.	Depreciation expenseEquipment.	$	35,600
c.	Loss on sale of equipment		27,450
d.	Accounts payable					45,600
e.	Other operating expenses		108,000
f.	Accumulated depreciationEquipment					73,200
g.	Gain from settlement of lawsuit					45,600
h.	Accumulated depreciationBuildings					177,700
i.	Loss from operating a discontinued segment (pretax)		19,850
j.	Gain on insurance recovery of tornado damage					30,720
k.	Net sales					1,014,500
l.	Depreciation expenseBuildings		53,600
m.	Correction of overstatement of prior years sales (pretax)		17,600
n.	Gain on sale of discontinued segments assets (pretax)					42,000
o.	Loss from settlement of lawsuit		25,350
p.	Income taxes expense		?
q.	Cost of goods sold		498,500

Required I. 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. Answer is complete and correct. 30% Tax Effect Pretax After-Tax 19,850 17,600 2000 (12,600) 29,400 ,95513,895 5 12,320 5,280 Loss from operating a discontinued segment Correction of overstatement of prior year's sales Gain on sale of discontinued segment's assets 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 e OCHuHuing Complete this question by entering your answers in the Req 2A Req 2B Req 2C What is the amount of the income taxes expense? Income taxes expense Req 2A 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 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? After-tax income from discontinued segment 4. What is the amount of net income for the year? Net income