It is a contracted Schwinn from the 1980's, made by Giant. The serial system on the dropout is from Giant, the subcontractor who built that frame; hence the confusion. I'm not that well up on decoding those - give me a minute to find the charts.
EDIT: Here's the serial chart you want:
http://www.trfindley.com/Pg_Later_Sc...%20numbers.htm
G0785 = Giant, July 1985.
You should have no problem finding this frame in the 1985 catalog.
-Kurt