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The income statement of Tawls Company for the year ended December 31, 2012, shows the following: Revenue from sales $ 980,000 Cost of products sold

The income statement of Tawls Company for the year ended December 31, 2012, shows the following: Revenue from sales $ 980,000 Cost of products sold 510,000 Gross profit 470,000 Operating expenses: Selling expenses $110,000 General expenses 140,000 250,000 Operating income 220,000 Equity on earnings of nonconsolidated subsidiary 60,000 Operating income before income taxes 280,000 Taxes related to operations 100,000 Net income from operations 180,000 Extraordinary loss from flood (less applicable taxes of $50,000) (120,000) Net incomenoncontrolling interest (40,000) Net income $ 20,000 a. Compute the net earnings remaining after removing nonrecurring items. b. Determine the earnings from the nonconsolidated subsidiary. c. For the subsidiary that was not consolidated, what amount of income would have been included if this subsidiary had been consolidated? d. What earnings relate to minority shareholders of a subsidiary that was consolidated? e. Determine the total tax amount

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