me ilds expired. The timer will continue to run if you leave the test. Remaining Time: 21 minutes, 07 seconds. Question Completion Status: Moving to another question will save this response. Question 4 of 10 Question 4 10 points Save Answer Solar Co. reported 2021 income of $303,000 from continuing operations before income taxes and a before tax loss on discontinued operations a of $65,000. All income is subject to a 25% tax rate. In the income statement for the year ended December 31, 2021, Solar Co. would show the following line-item amounts for income tax expense and net income: $59,500 and $227,250 respectively. $59,500 and $368,000 respectively. $75,750 and $178,500 respectively. $75,750 and $238,000 respectively.