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Ortiz Co.had income from continuing operations of $1,600,000 in 2018. During 2018, it disposed of...

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Accounting

Ortiz Co.had income from continuing operations of $1,600,000 in 2018. During 2018, it disposed of its restaurant division at an after-tax gain (net of tax) of $190,000. Prior to disposal, the division operated at a loss of $320,000 (net of tax) in 2018 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation).

What is the net income for the year ended 31\12\2018?

Select one:

a. $1,730,000

b. $1,090,000

c. $2,110,000

d. $1,470,000

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