Major Co. reported 2016 income of $303,000 from continuing operations before income taxes and a before-tax loss on discontinued operations of $73,000. 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:

$90,900 and $230,000.

$90,900 and $161,000.

$69,000 and $376,000.

$69,000 and $212,100.