Question 3

Cendant Corporation's results for the year ended December 31, 2018, include the following material items:

Sales revenue	$	6,240,000
Cost of goods sold		3,750,000
Selling and administrative expenses		1,210,000
Loss on sale of investments		194,000
Loss on discontinued operations		490,000
Loss on impairment from continuing operations		65,000

Cendant Corporation's income from continuing operations before income taxes for 2018 is:

Multiple Choice

• $1,021,000.

• $531,000.

• $1,086,000.

• $1,079,600.