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26 Not yet answered Points out of 2.50 Flag question Arreaga Corporation has a tax rate of 20 percent and operating income of $1,392,000. It

26 Not yet answered Points out of 2.50 Flag question Arreaga Corporation has a tax rate of 20 percent and operating income of $1,392,000. It also reported the following items. Unusual loss Loss from discontinued operations (pre-tax) Gain on disposal of equipment $222,000 606,000 48,000 What is the amount of income tax Arreaga would report on its income statement? Select one: a. $278,400. b. $243,600. c. $297,600. d. $122,400image text in transcribed

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