Major Co. reported 2016 income of $300,000 from continuing operations before income taxes and a before-tax loss on discontinued operations of $80,000. All income is subject to a 30% tax rate. In the 2016 income statement, Major Co. would show the following line-item amounts for income tax expense and net income: a. $66,000 and $210,000. b. $90,000 and $154,000. c. $90,000 and $276,000. d. $66,000 and $220,000. Use the following to answer questions 8 and 9: Misty Company reported the following before-tax items during the current year: Sales revenue $600 Operating expenses 250 Restructuring charges 20 Loss on discontinued operations 50 Misty's effective tax rate is 40%. What is Misty's income from continuing operations? a. $198. b. $210. c. $330 d. $360