Trent Company had net income of $700,000 for the year ended December 31, 1984, after giving effect to the following events which occurred during the year:

The decision was made January 2 to discontinue the plastics manufacturing segment.

The plastics manufacturing segment was sold June 30.

Operating loss from January 1 to June 30 for the plastics manufacturing segment amounted to $60,000 before tax benefit.

Plastics manufacturing equipment with a book value of $350,000 was sold for $200,000.

Trents tax rate was 40% for 1984. For the year ended December 31, 1984, Trents after-tax income from continuing operations was:

a. $574,000

b. $700,000

c. $784,000

d. $826,000

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