Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow Debit Credit 15,600 $ 35,600 27,450 45,600 108,000 a. Interest revenue b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment g. Gain from settlement of lawsuit h. Accumulated depreciation-Buildings 1. 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 tax expense 9. Cost of goods sold 73,200 45,600 177,700 19,850 30,720 1,814,500 53,600 17,600 42,000 25, 350 7 498,500 20. 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 Reg 28 Reg 2C What is the amount of income from continuing operations before income taxes? Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow, Debit $ Credit 15,600 $ 35,600 27,450 45,600 108,000 a. Interest revenue b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment 9. 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 settlement of lawsuit p. Income tax expense 4. Cost of goods sold 73,200 45,600 177,700 19,850 30, 720 1,014,500 53,600 17,600 42,000 25, 350 ? 498,500 3. What is the total amount of after-tax income (oss) associated with the discontinued segment? After-tax income from discontinued segment Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow Debit Credit 15,600 $ 35,600 27,450 45,600 188,000 73,200 45,600 177,700 a. Interest revenue b. Depreciation expense-Equipment C. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation Equipment g. 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) 0. Loss from settlement of lawsuit p. Income tax expense q. Cost of goods sold 19,850 30,720 1,014,500 53,600 17,600 42,000 25,350 ? 498,500 4. What is the amount of net income for the year? Not incomo Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow Debit Credit 15,600 $ 35,600 27,450 45,600 108,000 a. Interest revenue b. Depreciation expense-Equipment C. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation Equipment 9. 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) 0. Loss from settlement of lawsuit p. Income tax expense 4. Cost of goods sold 73,200 45,600 177,700 19,850 30, 720 1,014,500 53,600 17,600 42,008 25, 350 7 498,500 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 Reg 28 Req 2c What is the amount of income from continuing operations before income taxes? Inenme from Pantin Aneratinn hafnra tava Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Debit Credit 15,600 $ $ 35,600 27,450 45,600 108,000 a. Interest revenue b. Depreciation expense-Equipment C. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment 9. 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) 0. Loss from settlement of Lawsuit p. Income tax expense 9. Cost of goods sold 73,200 45,600 177,700 19,850 30,720 1,014,500 53,600 17,600 42,000 25,350 2 498,500 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? After-tax income from discontinued segment Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow Debit Credit 15,600 $ $ 35,600 27,450 45,600 108,000 a. Interest revenue b. Depreciation expense-Equipment C. Loss on sale of equipment d. Accounts payable e. Other operating expenses 1. Accumulated depreciation-Equipment g. 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) 0. Loss from settlement of Lawsuit p. Income tax expense 4. Cost of goods sold 73,200 45,600 177,700 19,850 30,720 1,814,500 53,600 17,600 25,350 42,000 498,500 4. What is the amount of net income for the year? Net Income