Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year end December 31, 2013, follow. Debit Credit a. Interest revenue $ 14,300 b. Depreciation expense?Equipment. $ 34,300 c. Loss on sale of equipment 26,150 d. Accounts payable 44,300 e. Other operating expenses 106,700 f. Accumulated depreciation?Equipment 71,900 g. Gain from settlement of lawsuit 44,300 h. Accumulated depreciation?Buildings 175,100 i. Loss from operating a discontinued segment (pretax) 18,550 j. Gain on insurance recovery of tornado damage (pretax and extraordinary) 29,420 k. Net sales 1,001,500 l. Depreciation expense?Buildings 52,300 m. Correction of overstatement of prior year?s sales (pretax) 16,300 n. Gain on sale of discontinued segment?s assets (pretax) 35,500 o. Loss from settlement of lawsuit 24,050 p. Income taxes expense ? q. Cost of goods sold 485,500 Assume that the company?s 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.) Please fill in the blanks below... 30% Tax Pretax Effect After-Tax Loss from operating a discontinued segment Gain on insurance recovery of tornado damage Correction of overstatement of prior year?s sales Gain on sale of discontinued segments assets What is the amount of income from continuing operations before income taxes? What is the amount of income taxes expense? What is the amount of income from continuing operations? What is the total amount of after-tax income (loss) associated with the discontinued Segment? What is the amount of income (loss) before extraordinary items? What is the amount of net income for the year?

Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year end December 31, 2013, follow. Debit Credit a. Interest revenue $ b. Depreciation expenseEquipment. c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciationEquipment 71,900 g. Gain from settlement of lawsuit 44,300 h. Accumulated depreciationBuildings 175,100 i. Loss from operating a discontinued segment (pretax) j. Gain on insurance recovery of tornado damage (pretax and extraordinary) 29,420 k. Net sales 1,001,500 l. Depreciation expenseBuildings 52,300 m. Correction of overstatement of prior year's sales (pretax) 16,300 n. Gain on sale of discontinued segment's assets (pretax) o. Loss from settlement of lawsuit p. Income taxes expense q. Cost of goods sold $ 14,300 34,300 26,150 44,300 106,700 18,550 35,500 24,050 ? 485,500 Assume that the company's 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.) Please fill in the blanks below... 30% Tax Pretax Effect After-Tax Loss from operating a discontinued segment Gain on insurance recovery of tornado damage Correction of overstatement of prior year's sales Gain on sale of discontinued segments assets What is the amount of income from continuing operations before income taxes? What is the amount of income taxes expense? What is the amount of income from continuing operations? What is the total amount of after-tax income (loss) associated with the discontinued Segment? What is the amount of income (loss) before extraordinary items? What is the amount of net income for the year