01:42:13 10 Not yet answered Marked out of 1.00 The following information was extracted from the 2020 income statement of X Company Income from continuing operations before income tax $705,000 Selling and administrative expenses 480,000 Income from continuing operations 495,000 Gross profit 1,350,000 The amount reported for income tax is Select one .a. $225,000 .b. $165,000 .c. $15,000 d. $210,000 CLEAR MY CHOICE