in its 2006 income statement what amount should kent report as losses that are not c 603406

Kent Co. incurred the following infrequent losses during 2006:

• A $300,000 loss was incurred on disposal of one of four dissimilar factories.
• A major currency devaluation caused a $120,000 exchange loss on an amount remitted by a foreign customer.
• Inventory valued at $190,000 was made worthless by a competitor’s unexpected product innovation.

In its 2006 income statement, what amount should Kent report as losses that are not considered extraordinary?

1. $610,000
2. $490,000
3. $420,000
4. $310,000