Arreaga Corp had a 20 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement?

Sales revenue $1,000,000

Cost of goods sold $600,000

Salaries and wages expense $80,000

Depreciation expense $110,000

Dividend revenue $90,000

Utilities expense $10,000

Discontinued operations loss (net of taxes) $100,000

Interest expense $20,000

Select one:

a. $16,000

b. $34,000

c. $36,000

d. $54,000