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Freda's Florist reported the following before-tax income statement items for the year ended December 31,2024:...

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Accounting

Freda's Florist reported the following before-tax income statement items for the year ended December 31,2024:
Operating income
$254,000
Income on discontinued operations
53,000
All income statement items are subject to a 25% income tax rate. In its 2024 income statement, Freda's income tax expense from continuin operations and total income tax expense would be:
Multiple Choice
$76,750 and $76,750, respectively.
$76,750 and $126,750, respectively.
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