8. Trent Company had a net income of $700,000 for the fiscal year ended June 30, 2007, after the following events or transactions that occurred during the year:

(1) The decision was made July 1, 2006, to discontinue the plastics operating segment.

(2) The plastics operating segment was sold December 31, 2006.

(3) Operating loss from July 1 to December 31, 2006, for the plastics operating segment amounted to $60,000 before income tax benefit.

(4) Plastics operating segment net assets with a carrying amount of $350,000 were sold for $200,000.

Trent’s income tax rate was 40%. For the fiscal year ended June 30, 2007, Trent Company’s income from continuing operations was:

a. $574,000

b. $700,000

c. $784,000

d. $826,000

e. Some other amount