Question $4$

$4$ pts

Firefly Company reported the following before$-$tax items for the year ended December $31,2020($all amounts are pre$-$tax amounts$)$:

$\backslash$table$[[$Sales revenue,$$,600],[$Selling and administrative expenses,$260,],[$Restructuring charges,$20,],[$Loss on discontinued operations,$40,],[$Other comprehensive income $($OCI$),80,]]$

Firefly's effective tax rate is $25\%.$

What amount of net income would Firefly report for $2020?$

$$280$

$$210$

$$240$

$$200$

$$270$