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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 14,600 $ 34,600
Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Debit $ Credit 14,600 $ 34,600 26,450 44,600 | 1 107,000 72,200 44,600 175,700 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 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 tax expense 9. Cost of goods sold 18,850 1 29,720 1,004,500 52,600 16,600 1 37,000 1 24,350 ? 488,500 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 Req 2B Req 20 What is the amount of income from continuing operations before income taxes? Income from continuing operations before taxes Req 2A Req 2B Reg 20 What is the amount of the income tax expense? Income tax expense Req 2A Req 2B Req 2c What is the amount of income from continuing operations? Income from continuing operations after taxes
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