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Maher Inc. reported income from continuing operations before taxes during 2 0 2 5 of $ 7 9 0 , 0 0 0 . Additional

Maher Inc. reported income from continuing operations before taxes during 2025 of $790,000. Additional transactions occurring in 2025 but not considered in the $790,000 are as follows.1. The corporation experienced an uninsured flood loss in the amount of $90,000 during the year.2. At the beginning of 2023, the corporation purchased a machine for $54,000(salvage value of $9,000) that had a useful life of 6 years. The bookkeeper used straight-line depreciation for 2023,2024, and 2025, but failed to deduct the salvage value in computing the depreciation base3. Sale of securities held as a part of its portfolio resulted in a loss of 557,0004.(pretax).When its president died, the corporation realized $150,000 from an insurance policy. The cash surrender value of this policy had been carried on the books as an investment in the amount of $46,000(the gain is nontakable).5. The corporation disposed of its recreational division at a lass of $115,000before taxes. Assume that this transaction meets the criteria fordiscontinued pperations.6. The corporation decided to change its method of inventory pricing from average-cost to the FIFO method. The effect of this change on prior years is to increase 2023 income by 560,000 and decrease 2024 income by $20,000before taxes. The FIFO method has been used for 2025. The tax rate on these items is 30%. Compute the income from continuing operations

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