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Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Debit $ Credit 15,800 $ 35,800

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Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Debit $ Credit 15,800 $ 35,800 27,650 45,800 108,200 73,400 45,800 178,100 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 1. Loss from operating a discontinued segment (pretax) 1. 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 settlenent of lawsuit p. Income tax expense 4. Cost of goods sold 20, ese 30,920 1,016,500 53,500 17.800 43,000 25,550 500, 500 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 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? labeled pretax. 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req ZA Req 2B Reg 20 What is the amount of income from continuing operations before income taxes? 339,720 Income from continuing operations before taxes RO Req 28 ) GE LC O Type here to search Answer is complete but not Complete this question by entering your answers in the tabs be Req 2A Req 2B Req 20 What is the amount of the income tax expense? Income tax expense 101,916

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