Lant Company has provided the following information: Cash sales totaled $220,000. Credit sales totaled $482,000. Cash collections from customers for services yet to be provided totaled $82,000. A $18,000 loss from the sale of property and equipment occurred. Interest income was $8,000. Interest expense was $18,200. Supplies expense was $320,000. Rent expense for the store was $32,000. Wages expense was $42,000. Other operating expenses totaled $72,000. Unearned revenue was $4,900. What is the amount of Lants income before income taxes?

Multiple Choice

A)$207,800

B)$218,000

C)$382,000

D)$289,800