Rodd Co. reports a taxable and pretax financial loss of $400,000 for 2011. Rodd's taxable and pretax financial income and tax rates for the last two years were: 2009 $400,000 30% 2010 400,000 35% The amount that Rodd should report as an income tax refund receivable in 2011, assuming that it uses the carryback provisions and that the tax rate is 40% in 2011, is Answer a. $180,000. b. $120,000. c. $160,000. d. $140,000