A companys accounting department has developed a schedule of future deductible amounts as follows.

2021 2022 2023

Deductible amounts $15,000 $58,000 $70,000

As of the beginning of 2020, the enacted tax rate is 30% for 2020 and 2021, and 25% for 2022-2023. At the beginning of 2020, the company had no deferred income taxes on its balance sheet. Taxable income for 2020 is $714,000. What is the amount of income tax expense for 2020?