Dole Company, with an applicable income tax rate of 30%, reported net income of $350,000. Included in income for the period was an extraordinary loss from flood damage of $80,000 before deducting the related tax effect. The company's income before income taxes and extraordinary items was

A) $430,000 B) $500,000 C) $580,000 D) $406,000

I know the answer is C but how did they get this. I thought u would do $80,000x.3=24,000 but that added with 350,000 is 580,000. Need a little help on this one.