A company reports the following GAAP income statement:

Income Statement (GAAP)
($ in millions)	2019A
Revenue	654
Operating expenses	254
Operating profit	400
Interest expense	14
Other expenses	3
Pretax profit	383
Taxes	77
Net income	306

In addition to the GAAP income statement, the company provided a 2019 non-GAAP disclosure identifying:

• $12 million in stock-based compensation expense
• $7 million in restructuring expenses
• $5 million gain on sale

Assuming the companys effective tax rate applies to non-GAAP items, estimate 2019 non-GAAP net income:

• A. $295 million
• B. $317 million
• C. $323 million
• D. $325 million