Quince Corporation has provided the following information:

• Operating revenues from customers were $299,550.
• Operating expenses for the store were $166,500.
• Interest expense was $13,800.
• Gain from sale of plant and equipment was $4,950.
• Dividend payments to Quince's stockholders were $11,550.
• Income tax expense was $54,000.
• Prepaid rent was $7,500.

What is the amount of Quince's income before income taxes?

Multiple Choice

$105,150

$112,650

$124,200

$138,000