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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 a. Interest revenue 15,800 b. Depreciation expense-Equipment $ 35,800 c. Loss on sale of equipment 27,650 d. Accounts payable 45,800 e. Other operating expenses 108,200 f. Accumulated depreciation-Equipment 73,400 9. Gain from settlement of lawsuit 45,800 h. Accumulated depreciation-Buildings 178, 100 1. Loss from operating a discontinued segment (pretax) 20,050 j. Gain on insurance recovery of tornado damage 30,920 k. Net sales 1,016,500 1. Depreciation expense-Buildings 53,800 m. Correction of overstatement of prior year's sales (pretax) 17,800 n. Gain on sale of discontinued segment's assets (pretax) 43,000 0. Loss from settlement of lawsuit 25,550 p. Income tax expense 9. Cost of goods sold 500, 500 2 Assume that the company's income tax rate is 30% for all items. Compute the tax effects and after-tax amounts of the three items labeled pretax 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. Reg 2A Req 28 Req 2c What is the amount of income from continuing operations before income taxes? Income from continuing operations before taxes Reg 28 > Complete this question by entering your answers in the tabs below. Req 2A Req 2B Reg 2C What is the amount of the income tax expense? Income tax expense ( Req 2A Req2C> Complete this question by entering your answers in the tabs below. 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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