please to follow with calculation

The following information pertains to a corporation's income statement for the 12 months just ended. The company has an effective income tax rate of 40 %. Discontinued operations Income from continuing operations (net of tax) Cumulative effect of change in accounting principle S(70,000) 72,000 60,000 Net income for the year is A. $36,000 B. $8,000 C. $12,000 $30,000 D