The income statement of Jones Company for the year ended December 31, 2010, follows.

Required
a. Compute the net earnings remaining after removing nonrecurring items.
b. Determine the earnings (loss) from the nonconsolidated subsidiary.
c. Determine the total taxamount.

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Revenue from sales Cost of products sold Gross profit Operating expenses: 790,000 410,000 380,000 Selling expenses S40,000 80,000 120000 General expenses Operating income Equity in earnings of nonconsolidated 260,000 subsidiaries (loss) Operating income before income taxes Taxes related to operations Net income from operations Discontinued operations: 240,000 94,000) 146,000 Loss from operations of discontinued segment (less applicable income tax credit of S30,000) S(70,000) Loss on disposal of segment (less applicable income tax credit of S50,000) change in accounting principle accounting principle (less applicable 170,000) Income before cumulative effect of (24,000) Cumulative effect of change in income taxes of S25,000) 50,000 S 26,000 Net income