Answer and show your solution

Problem 9-12 (IAA) Rosebud Company provided the followin the current year: Sales Cost of goods sold 5,000 Foreign translation adjustment-credit Selling expenses Unusual and infrequent gain Correction of inventory error Administrative expenses Income tax expense Gain on sale of investment Proceeds from sale ofland at cost Dividends paid 400 600 50 800 300,000 What amount should be reported as income from con operations? a. 1,200,000 b. 1,350,000 c. 1,600,000 d. 2,000,000 Problem 9-13 (IAA) Corazon Company provided the following information for the current year Sales Sales returns and allowances Cost of goods sold Utilities expense Interest revenue Income tax expense Casualty loss due to earthquake Finance cost Salaries expense Loss on sale of investments 7,000,000 100,000 2,800,000 ,000,000 150,000 800,000 50,000 200,000 600,000 50,000 What amount should be reported as income from continuing operations? a. 1,550,000 b. 1,600,000 c. 2,350,000 d. 1,400,000 206