Howard Co's 2021 income from continuing operations before income taxes was $286,000, Howard Co. reported before-tax income on discontinued operations of $77,000. All tax items are subject to a 25% tax rate. In its Income statement for 2021, Howard Co. would show the following line-Item amounts for income tax expense and net income: Multiple Choice $209,000 and $266,750 respectively $363,000 and $305,250 respectively. $272,250 and $71,500 respectively, $71,500 and $272.250 respectively Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2021 $ 76,000 46,000 312,000 150,000 461,000 276,000 59,500 2020 $ 54,000 71,000 307,000 126,000 423,000 243,000 46,000 Hulkster's 2021 receivables turnover is: (Round your answer to 2 decimal places.) Multiple Choice 4.80