Kelce Corp's 2023 income from continuing operations before income taxes was $360,000. Kelce Corp. reported before-tax income on discontinued operations of $70,000. All tax items are subject to a 30% tax rate. Calculate the line-item amounts for income tax expense and net income that will be presented for Kelce Corp's income statement for 2023 (1 point). Use the following information for Questions 4-5: Boxwell Corporation Income Statement or the year ended December 31,202 Additional information for the year 202 : a) On January 11,202, Boxwell purchased land for $155,000 cash. Boxwell also sold some land for cash. b) On February 8,202, Boxwell issued 8,400 shares of common stock for cash. The stock was issued at $15/ share. No common stock was repurchased. c) On July 1, 20x2, Boxwell declared and paid a cash dividend. d) Some long-term debt was paid off with cash. No new long-term debt was issued. e) No cash sales are made to customers (i.e., all sales are on account). f) Accounts Payable solely relates to purchases of inventory. All inventory purchases are made on account. g) Wages expense, Interest Expense, and Income Tax Expense are not cash expenses (i.e., they are accrued). h) Miscellaneous expenses are cash expenses that relate to reimbursements for client entertainment and employee travel. i) No equipment was sold or purchased. 4. Prepare a cash flow statement for 202. Use the direct method for the operating activities section. ( 3 points) Cash Flows from Operating Activities: Net Cash Flows from Operating Activities Cash Flows from Investing Activities: Net Cash Flows from Investing Activities Cash Flows from Financing Activities: Net Cash Flows from Financing Activities Net Change in Cash Cash, December 31, 20x1 Cash, December 31, 20X2