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In 2020, Freise Products, Inc. reported Income from Continuing Operations of $20,000,000 on its Income Statement. During the year, it sold its Piano Division for a pre-tax loss of $200,000. Friese reported pre-tax income from the Piano Division of $1,000,000 in 2020. Assuming an income tax rate of 25%, what would Friese report as Net Income for 2020?

$15,600,000 $20,800,000 $15,800,000 $20,600,000