Misty Company reported the following beforetax items during

Misty Company reported the following before-tax items during the current year: Sales revenue Selling and administrative expenses Restructuring charges Loss on discontinued operations $660 310 40 70 Misty\'s effective tax rate is 40%. What is Misty\'s income from continuing operations? Misty\'s income from continuing operations =(660-310-40)*(1-0.4)= $186