Jacobsen corporation prepares its financial statements applying u. s. gaap. during its 2016 fiscal year, the company reported before-tax income of $625,000. this amount does not include the following two items, both of which are considered to be material in amount: unusual gain $205,000 loss on discontinued operations (305,000) the company's income tax rate is 40%. in its 2016 income statement, jacobsen would report income from continuing operations of:
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