LI ULIILI Bg capi f. Accumulated depreciation-Equipment g. Gain from settlement of lawsuit 72,300 44,700 h....

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LI ULIILI Bg capi f. Accumulated depreciation-Equipment g. Gain from settlement of lawsuit 72,300 44,700 h. Accumulated depreciation-Buildings 175,900 i. Loss from operating a discontinued segment (pretax) 18,950 j. Gain on insurance recovery of tornado damage k. Net sales 29,820 1,005,500 1. Depreciation expense-Buildings 52,700 m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) 16,700 37,500 o. Loss from settlement of lawsuit 24,450 p. Income tax expense q. Cost of goods sold 489,500 Required: 1. Compute the tax effects and after-tax amounts of the three items labeled pretax. Loss from operating a discontinued segment Correction of overstatement of prior year's sales Gain on sale of discontinued segment's assets Pretax 40% Tax Effect After-Tax LI ULIILI Bg capi f. Accumulated depreciation-Equipment g. Gain from settlement of lawsuit 72,300 44,700 h. Accumulated depreciation-Buildings 175,900 i. Loss from operating a discontinued segment (pretax) 18,950 j. Gain on insurance recovery of tornado damage k. Net sales 29,820 1,005,500 1. Depreciation expense-Buildings 52,700 m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) 16,700 37,500 o. Loss from settlement of lawsuit 24,450 p. Income tax expense q. Cost of goods sold 489,500 Required: 1. Compute the tax effects and after-tax amounts of the three items labeled pretax. Loss from operating a discontinued segment Correction of overstatement of prior year's sales Gain on sale of discontinued segment's assets Pretax 40% Tax Effect After-Tax