14. Boa Constructors, Inc. had an operating loss carryforward of $100,000 that arose from ordinary operations in 2010. There is no evidence that indicates the need for a valuation allowance. The income tax rate is 40%. For the year ended December 31, 2010, the tax benefit should be reported in the income statement as

a. A $40,000 reduction in income tax expense from continuing operations.

b. An extraordinary item of $40,000.

c. An operating gain of $40,000.

d. An extraordinary item of $100,000.