Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31, 2017, follow.

		Debit			Credit
a.	Interest revenue				$	14,600
b.	Depreciation expenseEquipment.	$	34,600
c.	Loss on sale of equipment		26,450
d.	Accounts payable					44,600
e.	Other operating expenses		107,000
f.	Accumulated depreciationEquipment					72,200
g.	Gain from settlement of lawsuit					44,600
h.	Accumulated depreciationBuildings					175,700
i.	Loss from operating a discontinued segment (pretax)		18,850
j.	Gain on insurance recovery of tornado damage					29,720
k.	Net sales					1,004,500
l.	Depreciation expenseBuildings		52,600
m.	Correction of overstatement of prior years sales (pretax)		16,600
n.	Gain on sale of discontinued segments assets (pretax)					37,000
o.	Loss from settlement of lawsuit		24,350
p.	Income taxes expense		?
q.	Cost of goods sold		488,500

Required:

1a. Assume that the companys income tax rate is 30% for all items. Compute the tax effects (pretax amount and 30%tax effect amount)and after-tax amounts of the three items labeled pretax-Loss from operating a discontinued segment,correction of overstatment of prior year's sales,gain on sale of discontinued segment's assests.

b.. What is the amount of income from continuing operations before income taxes? c. What is the amount of the income taxes expense? d. What is the amount of income from continuing operations? e. What is the total amount of after-tax income (loss) associated with the discontinued segment?

f.What is the amount of net income for the year?