During its 2018 fiscal year, Jacobsen Corporation reported before-tax income of $624,000. This amount does not include the following two items, both of which are considered to be material in amount:

Unusual gain$204,000Loss on discontinued operations(304,000)

The company's income tax rate is 40%.

Jacobsen Corporation prepares its financial statement applying International Financial Reporting Standards (IFRS). In its 2018 income statement, Jacobsen would report income from continuing operations of:

Multiple Choice

• $314,400.
• $496,800.
• $374,400.
• $624,000.