Flop Co.'s trial balance of income statement accounts for the year ended December 31, year 2, included the following:

Accounts	Debit	Credit
Sales		$575,000
Cost of Sales	$240,000
Administrative expenses	70,000
Loss on sale of equipment	10,0000
Sales commissions	50,000
Interest revenue		25,000
Freight out	25,000
Loss on early retirement of long-term debt	20,000
Uncollectible accounts expense	15,000	_______
Totals	$420,000	$600,000

Other information:

Finished goods inventory:

January 1, year 2 $400,000

December 31, year 2 360,000

Flop's income tax rate is 30%. In Flop's year 2 multiple-step income statement,

What amount should Flop report as income after income taxes from continuing operations?