during its 2021 fiscal year, jacobsen corporation reported before-tax income of $638,000. this amount does not include the following two items, both of which are considered to be material in amount: unusual gain $ 218,000 loss on discontinued operations ( 318,000 ) the company's income tax rate is 25%. jacobsen corporation prepares its financial statements applying u.s. gaap. in its 2021 income statement, jacobsen would report income from continuing operations of:
