A company reports the following information as of December 31:

Sales revenue

$350,000

Cost of goods sold

$150,000

Operating expenses

$110,000

Foreign currency translation gain

$25,000

Gain on sale of PP&E

$35,000

Ignoring income taxes, what amount should the company report as net income as of December 31st?

$150,000

$90,000

$115,000

$125,000