Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Assume that the company's income tax rate is 30% for all items. a. Interest revenue 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 a discontinued segment (pretax) j. Gain on insurance recovery of tornado damage 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 p. Income tax expense q. Cost of goods sold After-tax income from discontinued segment Debit S $ 34,000 25,850 106,400 18,250 52,000 16,000 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? 23,250 ? 482,500 Credit $ 14,000 44,000 71,600 44,000 174,500 20,000 998,000 34,000 Check

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Check Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Assume that the company's income tax rate is 30% for all items. Debit a. Interest revenue 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 Credit $ 14,000 $ 34,000 25,850 44,000 106,400 71,600 44,000. 3. Gain on insurance recovery of tornado damage 1. Loss from operating a discontinued segment (pretax) 174,500 18,250 20,000 k. Net sales 1. Depreciation expense-Buildings 998,000 m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) 52,000 16,000 34,000 o. Loss from settlement of lawsuit 23,250 p. Income tax expense q. Cost of goods sold ? 482,500 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? After-tax income from discontinued segment Check Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Assume that the company's income tax rate is 30% for all items. Debit a. Interest revenue 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 Credit $ 14,000 $ 34,000 25,850 44,000 106,400 71,600 44,000. 3. Gain on insurance recovery of tornado damage 1. Loss from operating a discontinued segment (pretax) 174,500 18,250 20,000 k. Net sales 1. Depreciation expense-Buildings 998,000 m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) 52,000 16,000 34,000 o. Loss from settlement of lawsuit 23,250 p. Income tax expense q. Cost of goods sold ? 482,500 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? After-tax income from discontinued segment