$.$ Other Income Statement Items

At December $31,2022$ Glest Glesty, a company located in the Bahamas had net income before discontinued operations and extraordinary item of $$5,000,000.$ The tax rate is $40\%.$ Additional information is as follows:$-$

a$.$ During the year, Glest Glesty discontinued its Bottling Department and incurred additional income of $$700,000.$

b$.$ A first time snow storm caused significant damage to Glest Glesty in the amount of $$200,000.$

What is the net income for Glest Glest company?

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