Galliger Corp.’s adjusted trial balance at December 31, 2023, included the following:

The perpetual inventory system is used and the income tax rate is 30%. What is Galliger Corp.’s after-tax income from continuing operations for 2023?

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Debit Credit $170,000 Sales Cost of goods sold Administrative expenses Loss on sale of equipment Sales commissions Interest revenue Loss of warehouse due to flood 15,000 Loss from operation of discontinued division 24,000 Bad debt expense 5,000 Totals $162,000 $176.000 $70,000 28,000 11,000 9,000 6,000