Lantz Company has provided the following information: Cash sales totaled $255,000. Credit sales totaled $479,000. Cash collections from customers for services yet to be provided totaled $88,000. A $22,000 loss from the sale of property and equipment occurred. Interest income was $7,700. Interest expense was $19,900. Supplies expense was $336,000. Rent expense for the store was $36,000. Wages expense was $49,000. Other operating expenses totaled $79,000. Unearned revenue was $4,000. What is the amount of Lantz's income before income taxes?

Multiple Choice

• $553,800.

• $465,800.

• $199,800.

• $531,800.