Philosophy homework help. Dole company, with an applicable income tax rate of 30%, reported net income of $350,000. included in income for the period was an extraordinary loss from flood damage of $80,000 before deducting the related tax effect. the company’s income before income taxes and extraordinary items was( provide step by step explanations so that I can be able to understand the formulas used we.)Multiple choicesA. 450,000B. 580,000C. 400,000D. 430,000