Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year end December 31, 2015, follow.

Debit

Credit

a.

Interest revenue

$

15,500

b.

Depreciation expenseEquipment.

$

35,500

c.

Loss on sale of equipment

27,350

d.

Accounts payable

45,500

e.

Other operating expenses

107,900

f.

Accumulated depreciationEquipment

73,100

g.

Gain from settlement of lawsuit

45,500

h.

Accumulated depreciationBuildings

177,500

i.

Loss from operating a discontinued segment (pretax)

19,750

j.

Gain on insurance recovery of tornado damage (pretax and extraordinary)

30,620

k.

Net sales

1,013,500

l.

Depreciation expenseBuildings

53,500

m.

Correction of overstatement of prior years sales (pretax)

17,500

n.

Gain on sale of discontinued segments assets (pretax)

41,500

o.

Loss from settlement of lawsuit

25,250

p.

Income taxes expense

?

q.

Cost of goods sold

497,500

Assume that the companys income tax rate is 30% for all items. Compute the tax effects and after-tax amounts of the four items labeled pretax. (Loss amounts should be indicated with a minus sign.)

	Pretax	30% Tax Effect	After-Tax
Loss from operating a discontinued segment	(19,750)	(5,925)	(13,825)
Gain on insurance recovery of tornado damage	30,620	9,186	21,434
Correction of overstatement of prior years sales	17,500	5,250	12,250
Gain on sale of discontinued segments assets	41,500	12,450	29,050

what is the amount of income from continuing operations before income taxes,

income taxes expense ,

income from continuing operations,

amount of after-tax income (loss) associated with the discounted segmnt, amount of income (loss) befor extraordinary items,

net income for the year?