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Cendant Corporation's results for the year ended December 31, 2016, include the following material items:...

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Accounting

Cendant Corporation's results for the year ended December 31, 2016, include the following material items:

Sales revenue $6,290,000

Cost of goods sold 3,620,000

Selling and administrative expenses 1,160,000

Loss on sale of investments 182,000

Loss on discontinued operations 491,000

Restructuring costs 66,000

Cendant Corporation's income from continuing operations before income taxes for 2016 is:

A) $771,000.

B) $1,320,500.

C) $1,262,000.

D) $1,328,000.

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