McClure Manufacturing reported a pretax loss from operations of $45,000 for the first quarter of 2017. The estimated effective annual tax rate at that time was based on the following information:

1. A statutory tax rate of 32% and annual estimated tax credits of $7,000.
2. Projected annual pretax loss of $70,000.
3. Taxable income of $12,000 and $10,000, respectively, for 2015 and 2016.
4. Statutory tax rates in 2015 and 2016 of 30% and 28%, respectively.
5. No recognized tax benefit associated with net operating loss carryforwards.

During the second quarter of 2017, McClure decided to discontinue an operation that had reported pretax losses of $15,000 in the first quarter. At the end of the first quarter of 2017, the discontinued operation had accounted for $2,000 of the annual estimated tax credit and $55,000 of the annual pretax loss. In the second quarter, the discontinued operation reported pretax operating losses of $15,000 and pretax impairment losses of $42,000. Continuing operations reported second-quarter pretax income of $58,000, projected annual pretax income of $90,000, and annual estimated tax credits of $5,000.

During the third quarter of 2017, continuing operations reported pretax income of $40,000, projected annual pretax income of $110,000, and annual estimated tax credits of $8,000. Also during the third quarter, the discontinued operation reported operating losses of $30,000 and gains from the disposal of assets of $25,000, revised the earlier impairment losses from $42,000 to $34,000, and recorded additional impairment losses of $16,000.

Required

Given the 2017 statutory tax rate of 32%, calculate the pretax income (loss) and related tax expense (benefit) for the first three quarters of 2017 for continuing and discontinued operations.