5. Argiielles, Inc., had the following events occur during the year:

A $400,000 loss was incurred upon the closing of one of the company's branches. Dueto a competitor's innovation, $500,000 worth of inventory become worthless and was written off. A hurricane damaged one of the branches, causing $1,450,000 in damages. On its year-endincome statement, what amount should Argiielles report as extraordinary?

a. $0

b. $1,850,000

c. $2,350,000

d. $1,450,000