A company owned a series of retail stores and an ice-skating rink. Revenues and expenses for the year were $100,000 and $75,000, respectively. This included a $10,000 operating loss on the ice-skating rink. Not included in the above is that the ice-skating rink was sold during the year at a gain of $40,000. All of the above figures include the related income taxes. What is the amount of income from continuing operations for the year?