Wildhorse Corp. has 150,620 shares of common stock outstanding. In 2025, the company reports income from continuing operations before income tax of $1,221,000. Additional transactions not considered in the $1,221,000 are as follows. 1. In 2025, Wildhorse Corp. sold equipment for $35,800. The machine had originally cost $84,300 and had accumulated depreciation of $33,900. The gain or loss is considered non-recurring. 2. 3. 4. The company discontinued operations of one of its subsidiaries during the current year at a loss of $191,600 before taxes. Assume that this transaction meets the criteria for discontinued operations. The loss from operations of the discontinued subsidiary was $91,100 before taxes; the loss from disposal of the subsidiary was $100,500 before taxes. An internal audit discovered that amortization of intangible assets was understated by $39,300 (net of tax) in a prior period. The amount was charged against retained earnings. The company recorded a non-recurring gain of $126,600 on the condemnation of some of its property (included in the $1,221,000).