12 Below is information related to the Income and Expense Statement of ABC, Inc. for the period ended December 31, 2020. The company reported income before taxes of $106,210. The company recorded a profit from discontinued operations before taxes of $53,105. Book income is equal to taxable income because there are no permanent or temporary differences. The company's tax rate is 0.28. Which of the following accounts presented in the 2020 Income and Expense Statement is correct and shows the concept of "intraperiod tax allocation"?

a. Profit from discontinued operations 38236

b. Tax expense 44608

c. Gain from discontinued operations 53105

d. Income before taxes 159315