James, Inc. incurred the following infrequent losses during 2012:

A $140,000 write-down of equipment leased to others.

A $80,000 adjustment of accruals on long-term contracts.

A $120,000 write-off of obsolete inventory.

In its 2012 income statement, what amount should James report as total infrequent losses that are not considered extraordinary?

A) $340,000

B) $220,000

C) $260,000

D)$200,000