Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31, 2017, follow Debit $ Credit 15,400 $ 35,400 27,250 45,400 107,800 a. Interest revenue b. Depreciation expense Equipment. c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation Equipment 8. 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) o. Loss from settlement of lawsuit p. Income taxes expense 9. Cost of goods sold 73,000 45,400 177,300 19,650 30,520 1,012,500 53,400 17,400 41,000 25,150 496 SAA Required: 1. Assume that the company's income tax rate is 40% for all items Compute the tax effects and after-tax amounts of the three items labeled pretax Pretax 40% Tax Effect Alter Tax Loss from operating a discontinued segment Correction of overstatement of prior year's sales Gain on sale of discontinued segment's assets 2a. What is the amount of income from continuing operations before income taxes? 2b. What is the amount of the income taxes expense? 2c. What is the amount of income from continuing operations? Complete this question by entering your answers in the tabs below. Req 2A Reg 2B Reg 2c What is the amount of income from continuing operations before income taxes? Income from continuing operations before taxes