Presented below is information related to Vienna Company at December 31, 2020, the end of its first year of operations: Sales revenue $500,000, Cost of goods sold $240,000, Selling and administrative expenses $60,000 and loss on sale of plant assets $15,000. Income from operations is:

a.

$200,000.

b.

$300,000.

c.

$260,000.

d.

$185,000.