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The following accounts are extracted from the worksheet of X Company on December 31, 2020:...

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Accounting

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The following accounts are extracted from the worksheet of X Company on December 31, 2020: Income from operations $165,000 Dividends Revenue 45,000 Operating expenses 165,000 Loss from sale of land 10,000 During the year, the company suffered from abnormal and infrequent hurricane damages that had resulted in a $10,000 pretax tax loss During the year also, the company stopped the activities of its DD segment which had resulted in a net of tax operating loss of $40,000 and a pretax loss on disposal $4.000 Tax Rate was 40% . Based on the data above, gross profit was: $200,000 $295,000 O $330,000 None of the above

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