3. An entity is reporting revenues for the current year of $900,000, operating expenses of $500,000, and a gain of $120,000. This leaves income of $520,000. The tax rate is 30% so that income taxes are $156,000. Assume that the gain was from the sale of a portion of the entity that is large enough to qualify as a discontinued operation. During the year, this operation had revenues of $200,000 and operating expenses of $100,000, which are all included in the total revenues and expenses for the current year. On its current income statement, what should the entity report as its net income before discontinued operations? a. $144,000 Rev 400,000 6. $210,000 expense 600,000 c. $280,000 d. $300,000 income from op Moo, ooo gain 129,00 4. income fim continuing on 520,000 bu tax (156,000) 384,00 incm from conting on income taxes