122) During its 2021 fiscal year, Jacobsen Corporation reported before-tax income of $620,000. This amount does not include the following two items, both of which are considered to be material in amount: Unusual gain $ 200,000 Loss on discontinued operations ( 300,000) The company's income tax rate is 25%. Jacobsen Corporation prepares its financial statement applying International Financial Reporting Standards (IFRS). In its 2021 income statement, Jacobsen would report income from continuing operations of: A) $391,500. B) $465,000. C) $615,000. D) $620,000 123) In the DuPont formula, return on assets equals: A) Gross margin on sales * Inventory turnover. B) Profit margin on sales x Inventory turnover. C) Gross margin on sales * Asset turnover. D) Profit margin on sales Asset turnover