Bassett Company owns 80 percent of Crimson and Crimson owns 90 percent of Damson, Inc. Oper¬ ational income totals for the current year follow; they contain no investment income. None of these acquisitions required amortization expense. Included in Damson’s income is a $40,000 unrealized gain on intercompany transfers to Crimson. LO9 Bassett Crimson Damson Operational income.$300,000 $200,000 $200,000 What is Bassett’s accrual-based income for the year?

a. $575,200.

b. $588,000.

c. $596,400.

d. $604,000.