Major Company reported 2024 income of $309,000 from continuing operations before income taxes and a before-tax loss on discontinued operations of $69,000. All income is subject to a 25% tax rate. In the income statement for the year ended December 31, 2024, Major Company would show the following line-item amounts for income tax expense and net income: Multiple Choice $77,250 and $240,000 respectively. $60,000 and $231,750 respectively. $77,250 and $180,000 respectively. $60,000 and $378,000 respectively