The following information was extracted from the $2020$ financial statements of Max Company:

Income from continuing operations before income tare $$705,000.$ Selling and administrative expenses: $$480,000.$ Income from continuing operations: $$495,000,$ Gross profit: $$1,350,000.$ Othr

revenues and gains: $$15,000.$

The amount reported for other expenses and losses is

$$180,000$

$$165,000$

$$150,000$

$$225,000$