The following information pertains to Maynard Corporations income statement for the 12 months just ended. The company has an effective income tax rate of 40%.

Loss on discontinued operations	$(70,000)
Error in the previous years income statement discovered during the current period	(90,000)
Income from continuing operations (net of tax)	72,000
Cumulative effect of change in accounting principle	60,000

Maynards net income for the year is

A.

$2,000

B.

$36,000

C.

$44,000

D.

$30,000