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Corona Corporation's financial statements for the current year include the following: Income from continuing operations (net of taxes) $818,400 Prior period adjustment (increase in prior

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Corona Corporation's financial statements for the current year include the following: Income from continuing operations (net of taxes) $818,400 Prior period adjustment (increase in prior year net $250.800 income, net of taxes) Cash dividends paid to preferred stockholders $266,640 Gain from discontinued operations (net of taxes) $541,200 Extraordinary loss (net of tax benefit) $125,400 On the basis of this information, net income for the current year is: Select one: O a. $1,485,000 O b. $818,400. O c. $1,234,200. O d. $1,359,600

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