Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year$-$end December $31$ follow. Assume that the company$$s income tax rate is $40\%$ for all items.

Debit Credit

a$.$ Interest revenue $ $14,400$

b$.$ Depreciation expense$$Equipment $ $34,400$

c$.$ Loss on sale of equipment $26,250$

d$.$ Accounts payable $44,400$

e$.$ Other operating expenses $106,800$

f$.$ Accumulated depreciation$$Equipment $72,000$

g$.$ Gain from settlement of lawsuit $44,400$

h$.$ Accumulated depreciation$$Buildings $175,300$

i$.$ Loss from operating a discontinued segment $($pretax$)18,650$

j$.$ Gain on insurance recovery of tornado damage $29,520$

k$.$ Net sales $1,002,500$

l$.$ Depreciation expense$$Buildings $52,400$

m$.$ Correction of overstatement of prior year$$s sales $($pretax$)16,400$

n$.$ Gain on sale of discontinued segment$$s assets $($pretax$)36,000$

o$.$ Loss from settlement of lawsuit $24,150$

p$.$ Income tax expense $?$

q$.$ Cost of goods sold $486,500$

$2$a$.$ What is the amount of income from continuing operations before income taxes?

$2$b$.$ What is the amount of the income tax expense?

$2$c$.$ What is the amount of income from continuing operations?