Question 20 ABC Co. had the following cont balances: Sales revenue Gross profit Operating expenses Rent revenue Interest expense Loss on sales of building Sales discount Sales Return and allowances $500,000 40% of Net sales 55,000 12,000 10,000 5,000 16,500 5,500 What amount would ABC Co. reports as income before income tax in its income statement? O A $ 125,500 OB. $ 242,200 OC. $ 133,200 OD $ 332,500