Please explain

Corona Corporation's financial statements for the current year include the following: Income from continuing operations Income tax expense Prior period adjustment (increase in prior year net income, net of taxes) Cash dividends paid to preferred stockholders Gain from discontinued operations (net of taxes) Non-recurring loss $ 638,300 $ 141,000 $ 136,200 $ 272,400 $ 418,810 $ 128,600 On the basis of this information, net income for the current year is: O $1,044,710 O $497,300 $787,110 $916,110