D Question 22 2 pts Below are selected account balances of Mount Co. on December 31, 2021: Retained Earrings, January 1 3,000,000.00 Dividends 1.000.000,00 Sales 8,350,000.00 Dividend hcomo 100,000.00 Inventory, January 1 1,040,000.00 Purchases 3,720,000.00 Salaries 1,540,000.00 Contribution to employee's persion fund 280,000.00 Delivery 205,000.00 Miscellaneous expense 125,000.00 Doubtlu Accounts Expense 10,000.00 Depreciation expense 85,000.00 Loss on sale of securities 40,000.00 Loss on Inventory write down 150,000.00 Income tax 735,000.00 Inventory on December 31 was valued at P700,000 (P850,000 less P150,000 write down of obsoleto inventory) What was the income from continuing operations