Jacobsen Corporation prepares its financial statements applying U. S. GAAP. During its 2016 fiscal year, the company reported before-tax income of $640,000. This amount does not include the following two items, both of which are considered to be material in amount: Unusual gain $220,000 Loss on discontinued operations (320,000) The company's income tax rate is 40%. In its 2016 income statement, Jacobsen would report income from continuing operations of: