Esquire sold one of its operating divisions, which qualified as a separate component according to SFAS No. 144. The before-tax loss on disposal was $350,000. The division generated before-tax operating income from the beginning of the year through disposal of $500,000. Neither the loss on disposal nor the operating income are included in the $1,000,000 before-tax income the company generated from its other divisions.

The company incurred restructuring costs of $80,000 during the year.

Assume an income tax rate of 40%. Ignore EPS disclosures.

What is the Net Income? ( I couldn't get it, because the income from continued operation is not given, and i don't know how to calculate it.

Thanks in advance.