Required information Problem 13-6AA Income statement computations and format LO A2 [The following information applies to the questions displayed below.] Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Credit Debit $ 34,900 a. Interest revenue 14,900 b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment g. Gain from settlement of lawsuit h. Accumulated depreciation-Buildings i. Loss from operating j. Gain on insurance recovery of tornado damage 26,750 44,900 107,300 72,500 44,900 176,300 discontinued segment (pretax) 19,150 30,020 1,007,500 k. Net sales 1. Depreciation expense-Buildings m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) o. Loss from settlement of lawsuit 52,900 16,900 38,500 24,650 p. Income tax expense q. Cost of goods sold 491,500 Problem 13-6AA Part 2 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? Required information Problem 13-6AA Income statement computations and format LO A2 [The following information applies to the questions displayed below.] Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Credit Debit $ 34,900 a. Interest revenue 14,900 b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment g. Gain from settlement of lawsuit h. Accumulated depreciation-Buildings i. Loss from operating j. Gain on insurance recovery of tornado damage 26,750 44,900 107,300 72,500 44,900 176,300 discontinued segment (pretax) 19,150 30,020 1,007,500 k. Net sales 1. Depreciation expense-Buildings m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) o. Loss from settlement of lawsuit 52,900 16,900 38,500 24,650 p. Income tax expense q. Cost of goods sold 491,500 Problem 13-6AA Part 2 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