The code will output: 1 2. Let's trace through the execution: i starts at 0. In the first iteration, i becomes 1, doesn't equal 3 or 4, so 1 is logged. In the second iteration, i becomes 2, doesn't equal 3 or 4, so 2 is logged. In the third iteration, i becomes 3, equals 3, so continue is executed, skipping the console.log. In the fourth iteration, i becomes 4, equals 4, so break is executed, exiting the loop without executing console.log. This demonstrates how continue and break statements can control the flow within a loop.