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Misty Company reported the following before-tax items during the current year: Sales revenue$670Selling and administrative expenses320Restructuring charges30Loss on discontinued operations60 Misty's effective tax rate is

Misty Company reported the following before-tax items during the current year:

Sales revenue$670Selling and administrative expenses320Restructuring charges30Loss on discontinued operations60

Misty's effective tax rate is 40%.

What is Misty's net income for the current year?

Multiple Choice

$132.

$156.

$98.

None of these answer choices are correct.

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