Cal's Cookies reported 2011 before-tax income before extraordinary items of $152,000 and a beforetax

extraordinary loss of $32,000. All tax items are subject to a 30% tax rate. In its 2011 income statement,

Cal's would report the following amounts as separate line items for net income and income tax expense:

A. $120,000 and $36,000.

B. $84,000 and $36,000.

C. $120,000 and $45,600.

D. $84,000 and $45,600.