Colfax Corporation's financial statements for the current year include the following:

Income from continuing operations before tax	$	780,400
Income tax expense	$	84,000
Prior period adjustment (decrease in prior year net income, net of taxes)	$	125,800
Cash dividends paid to preferred stockholders	$	133,320
Gain from discontinued operations (net of taxes)	$	743,200
Non-recurring loss	$	188,400

On the basis of this information, net income for the current year is:

rev: 11_21_2018_QC_CS-143121, 09_18_2019_QC_CS-180727

Multiple Choice

• $1,439,600

• $696,400

• $1,251,200

• $570,600