10) A partial listing of a company's account balances reported in its unadjusted trial balance at December 31, 2010, is as follows: Inventory, January 1, 2010.. $ 700 Purchases (of merchandise). 4,800 Sales ....... 6,200 Operating expenses (other than CGS). 1,100 The cost of inventory on hand at December 31, 2010, amounts to $900. The company's ac- countant also determines that $140 of additional operating expenses should be accrued for the year ending December 31, 2010. These are the only adjustments that must be made at December 31, 2010. After making the necessary adjustments (i.c., to reflect the ending balance of inventory and to recognize the additional operating expenses), income before taxes for the year ended December 31, 2010, is: A) $100 B) $160 C) $300 D) $360 E) $500