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A firm had income from continuing operations of 1,000,000 in 2019. During 2019 it disposed of its electronic division at a pre-tax gain of 45,000.

A firm had income from continuing operations of 1,000,000 in 2019. During 2019 it disposed of its electronic division at a pre-tax gain of 45,000. Prior to disposal, the division operated at a pre-tax loss of 75,000. The tax rate was 30%. What is the net income for 2019?

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