Jacobsen Corporation prepares its financial statements applying U.S. GAAP. During its 2016 fiscal year, the company reported before-tax income of $632,000. This amount does not include the following two items, both of which are considered to be material in amount: Unusual gain $212,000 Loss on discontinued operations (312,000) The company's income tax rate is 40%. In its 2016 income statement, Jacobsen would report income from continuing operations of: