Jacobsen Corporation prepares its financial statements applying U.S. GAAP. During its 2016 fiscal year, the company reported before-tax income of $625,000. This amount does not include the following two items, both of which are considered to be material in amount: 8 01:53:54 $205,000 Unusual gain (305,000) Loss on discontinued operations The company's income tax rate is 40%. In its 2016 income statement, Jacobsen would report income from continuing operations of: Multiple Choice $498,000 $375,000. oooo $625,000. $315,000