The following accounts and balances (in thousands) were extracted from the financial statements included in the 2022 10k of ABC, Inc. The company's average tax rate is 30%.

Cash $7,000 Cost of goods sold 1,800 Dividends 90 Foreign currency translation gain (before taxes) 30 Gain on disposal taxes of discontinued operations (before) 60 Gain on sale of a patent 30 General and administrative expenses 1750 Interest expense 25 Interest revenue 20 loss from operations of discontinued operations (before taxes) 100 Research and development expenses 70 Restructuring costs 120 Retained Earnings 1,300 Sales 5,000 Selling expenses 150 Unrealized loss on investments available for sale (before taxes) 50

REQUIRED: Determine the Income from Continuing Operations that was reported in the Statement of Income and Expenses for the period ending December 31, 2020.

Answer: