Strand, Inc. incurred the following infrequent losses during the year just ended: A $90,000 write-down of equipment leased to others A $50,000 adjustment of accruals on long-term contracts A $75,000 write-off of obsolete inventory In its income statement for the year, what amount should Strand report as total infrequent losses that are not considered extraordinary? A. $215,000 B. $165,000 C. $140,000 D. $125,000