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 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 (net of tax benefit)	$	188,400

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

Select one:

a. $1,439,600.

b. $ 570,600.

c. $ 696,400.

d. $1,251,200.