Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions
Kaiser Corporation sold its Telecommunications Division during 2010. The company's accountants determined that the division earned $850,000 of pre-tax income during 2008 prior to disposal. The sale resulted in a $370,000 loss before taxes. Kaiser's income from continuing operations for 2008 amounted to $4,138,000. The company's effective tax rate is 35%.
-The amount of extraordinary items that would appear on the 2010 income statement of Kaiser Corporation is:

A) $0
B) $312,000
C) $552,500
D) $850,000