Misty Company reported the following before-tax items during the current year: Sales revenue Selling and administrative expenses Restructuring charges Losa on discontinued operations $1,400 740 20 40 Misty's effective tax rate is 25%. What is Misty's net income for the current year? Logg on discontinued operations 40 Misty's effective tax rate is 25%. What is Misty's net income for the current year? Multiple Choice $440 $480 $520 $450