Cendant Corporation's results for the year ended December 31, 2011, include the following material items:
Sales revenue - $6,200,000
Cost of good sold - 3,800,000
Selling and Admin. expenses - 1,300,000
Loss on sales of investments - 200,000
Loss on discontinued operations - 500,000
Loss from expropriation (unusual and infrequent event) - 800,000
Restructuring costs - 80,000
Overstatement of amortization expense in 2010 caused by mathematical error - 60,000
Cendent Corporation's income from continuing operations before income taxes for 2011 is:
a. 900,000
b. 880,000
c. 820,000
d. 320,000