Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Assume that the companys income tax rate is 30% for all items.

		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 tax expense	?
q.	Cost of goods sold	498,500

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. Req 2A Req 2B Req 20 What is the amount of income from continuing operations before income taxes? Income from continuing operations before taxes Required: 1. Compute the tax effects and after-tax amounts of the three items labeled pretax. Pretax 30% Tax Effect After-Tax 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. Reg 2A Req 2B Req 2c What is the amount of the income tax expense? Income tax expense Req 2A Req 2B Req 2c What is the amount of income from continuing operations? Income from continuing operations after taxes