Howard Co's 2021 income from continuing operations before income taxes was $292,000. Howard Co. reported before-tax income on discontinued operations of $67000. All tox items are subject to a 25% tax...

Howard Co's 2021 income from continuing operations before income taxes was $292,000. Howard Co. reported before-tax income on discontinued operations of $67000. All tox items are subject to a 25% tax rate. In its income statement for 2021. Howard Co. would show the following line-item amounts for income tax expense and net income 20 Multiple Choice $359,000 and $308,750 respectively O 573,000 and $289 250 respectively $269, 250 and $73,000 respectively $225,000 und 5270,250pectively <>