Dole Company, with an Applicable Income Tax Rate of 30

Multiple Choice

Dole Company, with an applicable income tax rate of 30%, reported net income of $350,000. Included in income for the period was an extraordinary loss from flood damage of $80,000 before deducting the related tax effect. The company's income before income taxes and extraordinary items was

A) $430,000.
B) $500,000.
C) $580,000.
D) $406,000.