1. ABC is a publicly traded company listed on NASDAQ. In ABCs 10-Q and 10-K public statements, ABC disclosed that it recorded a $200 mil. pre-tax inventory write-off due to fire in the companys warehouse in 2020:Q3; it realized a $30 mil. pre-tax gain (other income) on the sale of a non-core business in 2020:Q3; The company additionally realized a $50 mil. pre-tax gain (other income) on the sale of a non-core business and $45 mil. pre-tax restructuring costs in connection with a downsizing strategy in 2020:Q4. ABC company produced the following reported year-to-date (YTD) income statements during 2020-2021 period.

   	Reported YTD Income Statement (in mil. dollars)
   	2020:Q3	2020:Q4	2021:Q3
   Sales	3,500	4100	3600
   COGS	2,200	2925	3000
   Other Income	50	90	40
   SG&A	675	700	120
   Restructuring Charge	0	45	0
   EBIT	675	520	520
   Interest Expense	75	102	73
   Pre-tax Income	600	418	447
   Income Tax (30%)	180	125.4	134.1
   Net Income	420	293	313

   ABC has 150 mil. basic outstanding shares, with current stock price of $32 per share. The company has the following information about the options/warrants:

   Tranche	Number of Shares (mil.)	Exercise Price
   Tranche 1	15	$ 5.00
   Tranche 2	10	$ 25.00
   Tranche 3	20	$ 30.00
   Tranche 4	12	$ 35.00
   Tranche 5	11	$ 47.00
   Tranche 6	5	$ 55.00

   What is the amount of ABC's LTM Net Income?

   	A.	202
   	B.	104
   	C.	224
   	D.	182
   	E.	120