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Find what is net income for the current year

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Reference no: EM132569217

Corona Corporation's financial statements for the current year include the following:

Income from continuing operations (net of taxes)                                          $818,400

Prior period adjustment (increase in prior year net income, net of taxes)              $250,800

Cash dividends paid to preferred stockholders                                                 $266,640

Gain from discontinued operations (net of taxes)                                           $541,200

Non-recurring loss (net of tax benefit)                                                     $ 125,400

Question 1: On the basis of this information, what is net income for the current year?

Reference no: EM132569217

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