Answer the following question from the first picture and pleas use the format in

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Answer the following question from the first picture and pleas use the format in the following pictures. - Homework -Chapter 13 Questions 1-5 (of 5 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, 2013, follow Debit Credit S 15,400 a Interest revenue b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equ g. Gain from settlement of lawsuit h. Accumulated depreciation--Buildings i. Loss from operating a discontinued segment (pretax) S 35,400 27.250 45,400 07,800 73.000 45.400 177,300 ipment 19,650 Gain on insurance recovery of tornado damage (pretax and 1 extraordinary) k. Net sales I 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 taxes expense q Cost of goods sold 30,520 1,012,500 53.400 17.400 25,150 496,500 41,000 References Problem 13-6AA Income statement computations and format LOA2 Section Break 5.00 points

Explanation / Answer

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Pretax Amount Tax After tax Amount Loss from operating a discounted segment -19650 7860 -11790 Gain on insurance recovery of tornado damage 30520 -12208 18312 Correction of overstatement of prior years sales -17400 6960 -10440 Gain sales of discouned segments assets 41000 -16400 24600

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