Use the following information (in thousands):

Sales revenue 300,000

Gain on sale of equipment 90,000

Cost of goods sold 164,000

Interest expense 16,000

Selling & administrative expenses 30,000

Income tax rate 30%

Determine the amount of income from operations.

Select one: a. 60,000 b. 180,000 c. 76,000 d. 196,000