AAA prepared the following reconciliation for its first year of operations: Pretax financial income for 2021 $ 1,800,000 Tax exempt interest (150,000) Originating temporary difference (350,000) Taxable income $1,300,000 The temporary difference will reverse evenly over the next two years at an enacted tax rate of 30%. The enacted tax rate for 2021 is 25%. In AAAs 2021 income statement, what amount should be reported for total income tax expense?