Arreaga Corp. has a tax rate of 20 percent and income before non-operating items of $1,392,000. It also has the following items (gross amounts). Unusual loss Discontinued operations loss 48,000 its income statement? $186,000 $243,600 $278,400 $222,000 606,000 Gain on disposal of equipment What is the amount of income tax expense Arreaga would report on $297,600