Cendant Corporation's results for the year ended December 31, 2016, include the following material items:

Sales revenue	$6,310,000
Cost of goods sold	3,800,000
Selling and administrative expenses	1,200,000
Loss on sale of investments	189,000
Loss on discontinued operations	486,000
Restructuring costs	73,000

Cendant Corporation's income from continuing operations before income taxes for 2016 is:

$1,107,100.

$1,048,000.

$1,121,000.

$562,000.