Chase Corp. had the following infrequent transactions during 2010: A $150,000 gain from selling the only investment Chase has ever owned. A $210,000 gain on the sale of equipment. A $70,000 loss on the write-down of inventories. In its 2010 income statement, what amount should Chase report as total infrequent net gains that are not considered extraordinary?

Select one:

a. $290,000.

b. $80,000. c. $360,000.

d. $140,000.