Jacobsen Corporation prepares its financial statement applying International Financial Reporting

Standards. During its 2011 fiscal year, the company reported before-tax income of $620,000. This amount

does not include the following two items, both of which are considered to be material in amount:

Unusual and infrequent gain $200,000

Loss from discontinued operations (300,000)

The company's income tax rate is 40%. In its 2011 income statement, Jacobsen would report income from

continuing operations of

A. $492,000.

B. $620,000.

C. $312,000.

D. $372,000.