Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions
Kaiser Corporation sold its Telecommunications Division during 2010. The company's accountants determined that the division earned $850,000 of pre-tax income during 2008 prior to disposal. The sale resulted in a $370,000 loss before taxes. Kaiser's income from continuing operations for 2008 amounted to $4,138,000. The company's effective tax rate is 35%.
-Kaiser Corporation's net income for 2010 is:

A) $3,001,700
B) $4,306,000
C) $4,450,000
D) $4,618,000