In 2014, Dallas Company Had Sales of $600,000; Cost of Sales

Multiple Choice

In 2014, Dallas Company had sales of $600,000; cost of sales of $430,000; interest expense of $12,000; and a gain on the sale of a component of $52,000; For its income statement, Dallas uses the single-step format and the all- inclusive concept. What was Dallas's reported pretax income from continuing operations?

A) $150,000
B) $170,000
C) $158,000
D) $118,000