What is net income? Income Tax Expense Sold $150,000 Sales Returns and Allowances $70,000 Expenses $90,000 Sales I Oa. $30,000 O b. $$80,000 Oc. $90,000 O d. $60,000 Oe. $220,000 $25,000 Sales Discount $10,000 Cost of Goods Other Expenses and Losses $15,000 Total Operating $400,000 Total Other Revenue and Gains $20,000