X Your answer is incorrect.. James, Inc. Incurred the following infrequent losses during 2022: A105,000 impairment loss on intangible assets.. A 60,000 litigation settlement (loss). A 90,000 write-off of obsolete inventory. In its 2022 income statement, what amount should James report as other income and expense? 165.000 O 150,000 O 255,000 O195.000 eTextbook and Media