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 $8,000

Cost of goods sold 2,800

Dividends 90

Foreign currency translation loss (before taxes) 40

Loss on disposal of discontinued operations (before taxes) 70

Loss on sale of a building 30

General and administrative expenses 1800

Interest expense 25

Dividend revenue 50

Gain from operations of discontinued operations (before) 230

Research and development expenses 100

Restructuring costs 120

Retained Earnings 1,300

Sales 5,000

Selling expenses 350

Unrealized gain 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.