A company reported the following: General, Selling, and Administrative Expenses Cost of Goods Sold ts Income Tax Expense 01:45:06 Inventory Net Income Sales Revenue Sales Discounts Sales Returns & Allowances What is the amount of income before income taxes? Multiple Choice $56,000 $30,240 $86,000 $203,400 53,140 3,940 28,500 26,300 292,500 3,060 2,660