Carpino Corporation Has an Extraordinary Loss of $200,000, an Unusual $\begin{array}{cc}&\text { Extraordinary loss } & \text { Unusual gain } \\\hline \end{array}$

Carpino Corporation has an extraordinary loss of $200,000, an unusual gain of $140,000, and a tax rate of 40%.At what amount should Carpino report each item? $\begin{array}{cc}&\text { Extraordinary loss } & \text { Unusual gain } \\\hline \end{array}$

A) $~~~~~~~~$$~~~~~~~~$ $(200,000) $~~~~~~~~$$~~~~~~~~$$~~~ ~~ ~$ $ 140,000
B) $~~~~~~~~$ $~~~~~~~~$ (200,000) $~~~~~~~~$$~~~~~~~~$$~~~~~~~~$ 84,000
C) $~~~~~~~~$$~~~~~~~~$ (120,000) $~~~~~~~~$$~~~~~~~~$$~~~~~~~~$ 140,000
D) $~~~~~~~~$$~~~~~~~~$ (120,000) $~~~~~~~~$$~~~~~~~~$$~~~~~~~~$ 84,000