James, Inc. incurred the following infrequent losses during 2010: A $70,000 write-down of equipment leased to others. A $40,000 adjustment of accruals on long-term contracts. A $60,000 write-off of obsolete inventory. In its 2010 income statement, what amount should James report as total infrequent losses that are not considered extraordinary?

Select one:

a. $170,000.

b. $110,000.

c. $100,000.

d. $130,000.