The following information was taken from Sand Wraith Companys accounting records:

Sales	10,000,000
Decrease in goods in process inventory	200,000
Decrease in raw materials inventory	350,000
Increase in finished goods	500,000
Raw materials purchased	2,100,000
Direct labor payroll	1,000,000
Factory overhead	800,000
Selling expense	300,000
Freight-out	900,000
General and administrative expenses	1,600,000

Sand Wraith Companys profit before tax is

a. 4,250,000

d. 3,350,000

c. 3,550,000

b. 4,150,000

The following information for 2022 is provided by Panunumpa Company:

Sales	20,000,000
Cost of goods sold	12,000,000
Selling expenses	1,200,000
General and administrative expenses	1,800,000
Interest expense	1,500,000
Gain on early extinguishment of long-term debt	500,000
Correction of inventory error, net of income tax credit	800,000
Investment income equity method	600,000
Gain on sale of investment	2,000,000
Income tax expense	2,100,000
Dividends declared	2,500,000

What was the 2022 income from continuing operations?

a. 4,900,000 b. 4,500,000 c. 6,600,000 d. 7,000,000