Table 14-4 Crane Corporation Had Operating Income of $185,000, a Loss of Loss

Table 14-4
Crane Corporation had operating income of $185,000, a loss of $25,000 from a flood and a gain of $8,000 from the sale of a machine the business owned. You are preparing the 2017 income statement. Crane Corporation is in a 25% tax bracket.
-Refer to Table 14-4. The Income from continuing operations would be:

A) $168,000
B) $126,000
C) $185,000
D) $110,880