Alpine, Inc. gathered the following information for its year ended December. The company's effective tax rate is 40%

Administrative Expenses	$ 988,000
Cost of Goods Sold	5,200,000
Dividend Income	80,000
Gain on Sale of Equipment	44,000
Interest Expense	412,000
Loss on Sale of Land	288,000
Loss due to Disposal of ALF Division	1,000,000
Dividends paid on Preferred Stock	76,000
Sales	10,200,000
Sales Returns	200,000
Selling Expenses	776,000

Compute each of the following, showing all computations.

1) Gross margin

2) Income from operations

3) Income from continuing operations before income taxes

4) Income from continuing operations

5) Net income