Major Co. reported 2016 income of $308,000 from continuing operations before income taxes and a before-tax loss on discontinued operations of $75,000. All income is subject to a 32% tax rate. In the 2016 income statement, Major Co. would show the following line-item amounts for income tax expense and net income: Multiple Choice $98,560 and $233,000. $74,560 and $383,00o $98,560 and $158,440 $74,560 and $209,440