Karl corp.’s trial balance of income statement accounts for the year ended december 31, year 1, included the following: debit credit sales $80,000 cost of sales $ 60,000 administrative expenses 15,000 loss on sale of equipment 9,000 commissions to salespersons 10,000 interest revenue 5,000 freight-out 3,000 loss on disposal of a major operating segment 10,000 bad debt expense 3,000 totals $110,000 $85,000 other information: karl’s income tax rate is 30%. on karl’s income statement for year 1, the loss on discontinued operations is