Colfax Corporation's financial statements for the current year include the following: Income from continuing operations (net of taxes) $696,400 Prior period adjustment (decrease in prior year net $125,800 income, net of taxes) Cash dividends paid to preferred stockholders $133,320 Gain from discontinued operations (net of taxes) $743,200 Extraordinary loss (net of tax benefit) $188,400 On the basis of this information, net income for the current year is: Select one: O a. $1,439,600. O b. $696,400. . $570,600 O d. $1,251,200