Jacobsen Corporation prepares its financial statement applying International Financial Reporting Standards. During its 2013 fiscal year, the company reported before-tax income of $627,000. This amount does not include the following two items, both of which are considered to be material in amount:

Unusual and infrequent gain	$207,000
Loss from discontinued operations	(307,000)

The company's income tax rate is 35%. In its 2013 income statement, Jacobsen would report income from continuing operations of:

$407,550

$542,100

$342,550

$627,000