Cool Stools Corporation has income before taxes of $400,000 and an extraordinary loss of $100,000. If the income tax rate is 25% on all items, the income statement should show income before irregular items and an extraordinary loss, respectively, of

(a) $325,000 and $100,000.

(b) $325,000 and $75,000.

(c) $300,000 and $100,000.

(d) $300,000 and $75,000.

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